Walmart (NYSE:WMT) Given Outperform Rating at Telsey Advisory Group

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

WMT has been the topic of several other research reports. TD Cowen raised their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Tigress Financial boosted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. KeyCorp boosted their price objective on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. One equities 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $85.18.

Walmart Stock Performance

Shares of WMT stock opened at $84.27 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $677.38 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 4.22 and a beta of 0.51. Walmart has a 52 week low of $49.85 and a 52 week high of $85.79. The firm’s 50-day simple moving average is $81.14 and its two-hundred day simple moving average is $72.62.

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

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % 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 company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter worth $25,000. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart in the second quarter worth approximately $29,000. Finally, FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other 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.