BNP Paribas initiated coverage on shares of Walmart (NYSE:WMT) in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued an underperform rating and a $98.00 price objective on the retailer’s stock.
Several other analysts have also recently weighed in on the stock. Wolfe Research cut shares of Walmart to a hold rating in a research note on Wednesday, February 26th. Royal Bank of Canada set a $124.00 price target on shares of Walmart and gave the company a neutral rating in a research note on Tuesday, February 18th. Odeon Capital Group raised shares of Walmart from a hold rating to a buy rating and set a $125.00 price target for the company in a research note on Monday, March 23rd. Credit Suisse Group raised shares of Walmart from a neutral rating to an outperform rating and increased their price target for the company from $115.00 to $127.00 in a research note on Wednesday, March 18th. Finally, Stifel Nicolaus increased their price target on shares of Walmart from $115.00 to $117.00 and gave the company a hold rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $125.23.
Shares of Walmart stock traded down $0.24 during mid-day trading on Thursday, hitting $109.58. The stock had a trading volume of 11,983,603 shares, compared to its average volume of 15,294,715. The firm has a 50-day moving average of $115.18 and a two-hundred day moving average of $117.38. Walmart has a 12-month low of $96.53 and a 12-month high of $128.08. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 0.79. The firm has a market cap of $311.04 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 4.35 and a beta of 0.42.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.16 dividend on an annualized basis and a yield of 1.97%. Walmart’s dividend payout ratio (DPR) is presently 43.81%.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $117.41, for a total transaction of $9,979,850.00. Following the sale, the executive vice president now directly owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP M. Brett Biggs sold 16,205 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $114.39, for a total transaction of $1,853,689.95. Following the sale, the executive vice president now owns 264,445 shares in the company, valued at $30,249,863.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,205 shares of company stock worth $37,403,190. 51.11% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC raised its holdings in shares of Walmart by 54.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,709 shares of the retailer’s stock valued at $322,000 after purchasing an additional 950 shares in the last quarter. Solstein Capital LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $427,000. Cedar Capital LLC raised its holdings in shares of Walmart by 14.9% in the 4th quarter. Cedar Capital LLC now owns 13,133 shares of the retailer’s stock valued at $1,561,000 after purchasing an additional 1,701 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Walmart by 12.3% in the 4th quarter. Ancora Advisors LLC now owns 7,330 shares of the retailer’s stock valued at $871,000 after purchasing an additional 802 shares in the last quarter. Finally, Peterson Wealth Management acquired a new stake in shares of Walmart in the 4th quarter valued at $218,000. Institutional investors own 30.37% of the company’s stock.
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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