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

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $92.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 8.91% from the stock’s previous close.

A number of other brokerages have also commented on WMT. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. TD Cowen boosted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, Piper Sandler reissued 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 investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average target price of $84.84.

Walmart Stock Performance

NYSE:WMT opened at $84.47 on Wednesday. Walmart has a twelve month low of $49.85 and a twelve month high of $85.79. 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 capitalization of $678.99 billion, a P/E ratio of 44.46, a P/E/G ratio of 4.25 and a beta of 0.51. The company has a fifty day moving average of $80.99 and a 200-day moving average of $72.53.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last three months. 45.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart in the third quarter worth approximately $26,000. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in Walmart during the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC increased its holdings in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. 26.76% of the stock is 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.