Walmart (NYSE:WMT) Earns Maintains Rating from 92 Resources

92 Resources reissued their maintains rating on shares of Walmart (NYSE:WMT – Get Rating) in a research note issued to investors on Monday, Benzinga reports.

Other equities analysts also recently issued reports about the company. KeyCorp increased their target price on Walmart from $170.00 to $175.00 in a research report on Tuesday, April 25th. Telsey Advisory Group restated an outperform rating and set a $160.00 price target on shares of Walmart in a research note on Thursday, April 6th. The Goldman Sachs Group set a $164.00 target price on Walmart in a research note on Wednesday, February 22nd. Bank of America raised their price objective on Walmart from $165.00 to $175.00 in a research note on Friday, May 19th. Finally, Truist Financial raised their price objective on Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $166.13.

Walmart Stock Down 1.0 %

Walmart stock opened at $146.16 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market capitalization of $394.24 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. Walmart has a fifty-two week low of $117.90 and a fifty-two week high of $154.64. The stock’s fifty day moving average is $148.72 and its two-hundred day moving average is $145.87.

Walmart (NYSE:WMT – Get Rating) last posted its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The company had revenue of $152.30 billion for the quarter, compared to analyst estimates of $147.91 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. Walmart’s revenue was up 7.6% compared to the same quarter last year. Analysts predict that Walmart will post 6.21 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, Director S Robson Walton sold 157,406 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $138.00, for a total value of $21,722,028.00. Following the transaction, the director now directly owns 260,926,943 shares of the company’s stock, valued at approximately $36,007,918,134. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, Director S Robson Walton sold 157,406 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $138.00, for a total transaction of $21,722,028.00. Following the transaction, the director now owns 260,926,943 shares of the company’s stock, valued at approximately $36,007,918,134. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 563,717 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $142.26, for a total value of $80,194,380.42. Following the transaction, the insider now directly owns 264,873,644 shares in the company, valued at approximately $37,680,924,595.44. The disclosure for this sale can be found here. Insiders have sold 19,763,036 shares of company stock valued at $2,801,006,374 in the last three months. 47.06% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the business. My Personal CFO LLC bought a new stake in shares of Walmart in the 4th quarter valued at $25,000. Sageworth Trust Co increased its holdings in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. Bellwether Advisors LLC increased its holdings in Walmart by 112.0% during the 3rd quarter. Bellwether Advisors LLC now owns 212 shares of the retailer’s stock worth $27,000 after purchasing an additional 112 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Walmart during the 4th quarter worth about $27,000. Finally, JDM Financial Group LLC bought a new position in Walmart during the 4th quarter worth about $28,000. Institutional investors own 31.27% of the company’s stock.

Walmart Company Profile

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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.