Walmart (WMT) Given a $120.00 Price Target by Bank of America Analysts

Walmart (NYSE:WMT) received a $120.00 target price from Bank of America in a research note issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the retailer’s stock. Bank of America‘s price target points to a potential upside of 18.98% from the stock’s current price.

A number of other analysts also recently weighed in on WMT. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Thursday. Deutsche Bank upped their target price on Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. UBS Group upped their target price on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday. Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday. Finally, BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have assigned a buy rating to the company. Walmart presently has an average rating of “Hold” and a consensus price target of $107.13.

Shares of NYSE:WMT traded down $0.45 during trading on Friday, reaching $100.86. 9,263,265 shares of the company traded hands, compared to its average volume of 7,104,785. The company has a market cap of $297.01 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 4.59 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. Walmart has a 52 week low of $81.78 and a 52 week high of $106.21.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Research analysts predict that Walmart will post 4.76 EPS for the current fiscal year.

In other Walmart news, insider David Chojnowski sold 2,000 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $97.17, for a total value of $194,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Furner sold 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.82, for a total value of $1,018,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,255,221 shares of company stock valued at $1,407,521,976. Insiders own 51.11% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of WMT. Vanguard Group Inc grew its position in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after buying an additional 1,110,593 shares during the last quarter. FMR LLC grew its position in shares of Walmart by 0.4% in the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after buying an additional 90,683 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 7.8% in the 1st quarter. Geode Capital Management LLC now owns 19,557,533 shares of the retailer’s stock valued at $1,904,041,000 after buying an additional 1,408,914 shares during the last quarter. Northern Trust Corp grew its position in shares of Walmart by 0.3% in the 1st quarter. Northern Trust Corp now owns 17,655,254 shares of the retailer’s stock valued at $1,721,917,000 after buying an additional 56,476 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Walmart by 2,899.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after buying an additional 14,058,442 shares during the last quarter. 28.96% of the stock is owned by institutional investors and hedge funds.

Walmart Company Profile

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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