Walmart (NYSE:WMT – Get Free Report) The price target was raised by equity analysts at DA Davidson from $75.00 to $85.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. DA Davidson’s price target would imply a potential upside of 15.72% from the stock’s last closing price.

WMT has been the subject of a number of other research reports. Roth Mkm raised their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer raised their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Jefferies Financial Group raised their price target on shares of Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. KeyCorp raised their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group raised its price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock a “hold,” 26 have rated it a “buy,” and one has rated it a “strong buy.” According to MarketBeat, the stock currently has an average rating of “moderate buy” and a consensus price target of $77.79.

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Walmart trading up 0.7%

NYSE WMT opened at $73.45 on Friday. Walmart has a 1-year low of $49.85 and a 1-year high of $74.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market cap of $590.80 billion, a P/E ratio of 31.39, a PEG ratio of 3.95 and a beta of 0.50. The company has a 50-day moving average of $68.86 and a 200-day moving average of $63.37.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. In the same quarter last year, the company reported earnings per share of $0.61. The company’s revenue grew 4.7% year-over-year. Research analysts forecast that Walmart will report earnings per share of $2.43 for the current year.

Insider activity

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director S. Robson Walton sold 982,038 shares of Walmart in a transaction that occurred on Friday, May 24. The shares were sold at an average price of $65.39, for a total transaction of $64,215,464.82. Following the sale, the director now directly owns 644,511,850 shares of the company’s stock, valued at approximately $42,144,629,871.50. The disclosure for this sale can be found here. Insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010, in the last ninety days. 45.58% of the company’s shares are owned by company insiders.

Hedge funds comment on Walmart

Several hedge funds have recently made changes to their holdings in the company. Partnership Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at about $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $32,000. Signature Resources Capital Management LLC acquired a new position in Walmart in the fourth quarter valued at about $35,000. Finally, Tidemark LLC acquired a new position in Walmart in the fourth quarter valued at about $37,000. 26.76% of the shares are currently owned by hedge funds and other institutional investors.

Walmart Company Profile

(Get free report)

Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.

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