Walmart (NYSE:WMT) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Walmart (NYSE:WMT) in a research note published on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $92.00 target price on the retailer’s stock.

Other equities research analysts also recently issued research reports about the company. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays raised their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $85.18.

Walmart Trading Down 0.3 %

Shares of Walmart stock opened at $84.25 on Wednesday. The firm’s 50 day simple moving average is $81.29 and its two-hundred day simple moving average is $72.78. The firm has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.22 and a beta of 0.51. Walmart has a 12-month low of $49.85 and a 12-month high of $85.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Analysts predict that Walmart will post 2.44 EPS for the current year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

Several large investors have recently modified their holdings of WMT. WFA Asset Management Corp lifted its position in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after acquiring an additional 168,346 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Walmart by 307.1% during the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after purchasing an additional 120,919 shares during the period. WNY Asset Management LLC increased its holdings in Walmart by 194.4% in the 1st quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock valued at $1,372,000 after purchasing an additional 15,053 shares during the last quarter. Finally, WMG Financial Advisors LLC raised its position in Walmart by 212.8% in the first quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock valued at $1,354,000 after purchasing an additional 15,303 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.