Walmart (NYSE:WMT) had its price target lifted by Cowen from $140.00 to $145.00 in a research report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the retailer’s stock.

WMT has been the subject of a number of other reports. Raymond James upped their price objective on shares of Walmart from $130.00 to $135.00 and gave the stock an outperform rating in a research note on Wednesday. Evercore ISI assumed coverage on shares of Walmart in a research report on Friday, February 14th. They set a hold rating on the stock. BMO Capital Markets reissued a buy rating and set a $140.00 target price on shares of Walmart in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of Walmart from $115.00 to $117.00 and gave the company a hold rating in a research report on Wednesday, February 19th. Finally, Citigroup reissued a buy rating and set a $140.00 target price (up previously from $137.00) on shares of Walmart in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $132.03.

Shares of WMT traded down $0.66 during trading hours on Wednesday, reaching $124.33. 7,294,059 shares of the company traded hands, compared to its average volume of 9,517,713. The stock’s fifty day moving average price is $125.02 and its 200 day moving average price is $118.99. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 0.85. The firm has a market cap of $354.18 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 5.21 and a beta of 0.30. Walmart has a 12-month low of $100.60 and a 12-month high of $133.38.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $134.62 billion during the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. On average, research analysts forecast that Walmart will post 4.86 earnings per share for the current year.

In other Walmart news, EVP John R. Furner sold 50,000 shares of Walmart stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $116.50, for a total transaction of $5,825,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP M. Brett Biggs sold 16,205 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $114.39, for a total value of $1,853,689.95. Following the completion of the transaction, the executive vice president now directly owns 264,445 shares of the company’s stock, valued at approximately $30,249,863.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,205 shares of company stock valued at $39,041,990. 51.11% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Sofos Investments Inc. lifted its holdings in Walmart by 581.4% in the first quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock valued at $25,000 after acquiring an additional 1,029 shares during the period. Evolution Wealth Advisors LLC purchased a new position in shares of Walmart during the 4th quarter valued at approximately $26,000. Joseph P. Lucia & Associates LLC lifted its stake in shares of Walmart by 75.6% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in Walmart during the fourth quarter worth $27,000. Finally, AlphaMark Advisors LLC grew its position in Walmart by 138.9% during the fourth quarter. AlphaMark Advisors LLC now owns 258 shares of the retailer’s stock valued at $31,000 after buying an additional 150 shares during the period. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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