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

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $92.00 price target on the retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 7.55% from the company’s current price.

A number of other equities analysts have also recently issued reports on WMT. Royal Bank of Canada lifted their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $84.15.

Walmart Price Performance

Shares of WMT traded up $0.55 on Wednesday, reaching $85.54. The stock had a trading volume of 12,798,886 shares, compared to its average volume of 16,713,053. Walmart has a twelve month low of $49.85 and a twelve month high of $85.79. The firm has a market capitalization of $687.59 billion, a PE ratio of 44.47, a PEG ratio of 4.25 and a beta of 0.51. The firm 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.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for 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%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. Sell-side analysts expect that Walmart will post 2.44 EPS for the current year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several large investors have recently added to or reduced their stakes in the business. Summit Financial Wealth Advisors LLC boosted its holdings in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares in the last quarter. CAP Partners LLC boosted its stake in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares in the last quarter. Investment Advisory Group LLC raised its stake in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares in the last quarter. Jag Capital Management LLC boosted its position in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after purchasing an additional 132 shares during the period. Finally, Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 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.