Telsey Advisory Group Reaffirms Outperform Rating for Walmart (NYSE:WMT)

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

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Sanford C. Bernstein initiated coverage on shares of Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $84.84.

Walmart Stock Up 0.6 %

WMT stock opened at $85.54 on Wednesday. The business has a 50 day moving average of $80.82 and a 200 day moving average of $72.44. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $687.59 billion, a PE ratio of 44.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart has a twelve month low of $49.85 and a twelve month high of $85.79.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. On average, research analysts forecast that Walmart will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the 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 transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

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

About Walmart

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.