Walmart’s (WMT) “Buy” Rating Reaffirmed at Roth Mkm

Walmart (NYSE:WMT)‘s stock had its “buy” rating reissued by stock analysts at Roth Mkm in a report released on Friday,Benzinga reports. They currently have a $108.00 target price on the retailer’s stock, up from their previous target price of $97.00. Roth Mkm’s target price would suggest a potential upside of 13.25% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Citigroup raised their price target on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, TD Cowen boosted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.40.

Walmart Price Performance

NYSE:WMT traded down $1.85 on Friday, reaching $95.36. The stock had a trading volume of 11,532,515 shares, compared to its average volume of 16,205,063. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $766.08 billion, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. The stock has a fifty day moving average price of $95.62 and a 200-day moving average price of $86.25. Walmart has a 1-year low of $57.77 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Research analysts forecast that Walmart will post 2.48 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

Several large investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at about $27,000. Finally, Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.