Shares of Walmart Inc (NYSE:WMT) have received a consensus rating of “Buy” from the thirty-four research firms that are presently covering the company, Marketbeat reports. Nineteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $101.82.
A number of equities analysts have recently weighed in on the company. Goldman Sachs Group downgraded Walmart from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. Barclays boosted their target price on Walmart to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Wednesday, February 21st. Oppenheimer set a $93.00 target price on Walmart and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Finally, Vetr downgraded Walmart from a “hold” rating to a “sell” rating and set a $91.97 target price on the stock. in a research note on Friday, November 17th.
Walmart (NYSE:WMT) opened at $88.30 on Wednesday. Walmart has a 12 month low of $69.33 and a 12 month high of $109.98. The firm has a market capitalization of $261,580.00, a P/E ratio of 27.59, a PEG ratio of 3.14 and a beta of 0.57. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 dividend on an annualized basis and a yield of 2.36%. Walmart’s payout ratio is 65.00%.
A number of hedge funds have recently modified their holdings of the business. Green Square Capital LLC raised its holdings in Walmart by 3.1% during the 4th quarter. Green Square Capital LLC now owns 70,315 shares of the retailer’s stock valued at $6,980,000 after acquiring an additional 2,107 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Walmart by 2.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 183,271 shares of the retailer’s stock valued at $18,098,000 after acquiring an additional 3,947 shares during the period. Certified Advisory Corp purchased a new position in shares of Walmart during the 4th quarter valued at $276,000. Fairfield Bush & CO. grew its position in shares of Walmart by 3.3% during the 4th quarter. Fairfield Bush & CO. now owns 69,906 shares of the retailer’s stock valued at $6,904,000 after purchasing an additional 2,253 shares in the last quarter. Finally, Wagner Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at $132,000. 30.03% of the stock is currently owned by institutional investors and hedge funds.
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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