In a report released today, Ivan Feinseth from Tigress Financial reiterated a Hold rating on Walmart (WMT – Research Report). The company’s shares closed last Tuesday at $131.76, close to its 52-week high of $134.13.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 16.5% and a 68.3% success rate. Feinseth covers the Technology sector, focusing on stocks such as Akamai, Garmin, and VMware.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $139.89 average price target, implying a 6.4% upside from current levels. In a report issued on July 24, Wells Fargo also maintained a Hold rating on the stock.
Walmart’s market cap is currently $371.6B and has a P/E ratio of 25.00. The company has a Price to Book ratio of 9.57.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam’s Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.