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

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

Other equities research analysts have also recently issued research reports about the stock. DA Davidson raised their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Royal Bank of Canada increased their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Guggenheim boosted their price objective on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group increased their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $85.18.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $84.25 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market cap 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 1 year low of $49.85 and a 1 year high of $85.79. The firm has a fifty day moving average price of $81.29 and a 200-day moving average price of $72.78.

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

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Summit Financial Wealth Advisors LLC lifted its position in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC raised its stake in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC boosted its stake in Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares in the last quarter. CAP Partners LLC boosted its stake in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC grew its holdings in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the last quarter. 26.76% of the stock is owned by 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.