Walmart’s (WMT) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Walmart (NYSE:WMT) in a report issued on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $115.00 price objective on the retailer’s stock.

WMT has been the subject of several other research reports. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Finally, TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Walmart Trading Down 2.6 %

NYSE WMT opened at $94.70 on Friday. The company has a market capitalization of $760.77 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart has a 12 month low of $57.77 and a 12 month high of $105.30. The company’s fifty day moving average price is $95.63 and its two-hundred day moving average price is $86.44.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. As a group, research analysts predict that Walmart will post 2.48 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 34.02%.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 176,777 shares of company stock valued at $16,570,112. Company insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. Swedbank AB raised its holdings in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares in the last quarter. X Square Capital LLC raised its holdings in shares of Walmart by 3.1% during the third quarter. X Square Capital LLC now owns 34,460 shares of the retailer’s stock valued at $2,783,000 after acquiring an additional 1,032 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Walmart during the third quarter valued at approximately $1,082,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Walmart by 11.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 101,000 shares of the retailer’s stock valued at $8,156,000 after acquiring an additional 10,006 shares during the period. Finally, Beese Fulmer Investment Management Inc. raised its holdings in shares of Walmart by 2.2% during the third quarter. Beese Fulmer Investment Management Inc. now owns 22,430 shares of the retailer’s stock valued at $1,811,000 after acquiring an additional 490 shares during the period. 26.76% of the stock is currently owned by institutional investors.

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.