Jefferies Financial Group Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price target raised by Jefferies Financial Group from $90.00 to $100.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Other equities research analysts also recently issued reports about the stock. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp lifted their target price on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Guggenheim lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $86.71.

Walmart Trading Down 0.2 %

Shares of Walmart stock opened at $84.09 on Friday. The firm has a market capitalization of $675.94 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $81.43 and its 200 day moving average is $73.15. Walmart has a 1 year low of $49.85 and a 1 year high of $85.79.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC boosted its holdings in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

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.