Walmart (NYSE:WMT) Earns Outperform Rating from Telsey Advisory Group
Telsey Advisory Group has reiterated an "outperform" rating for Walmart (NYSE:WMT) with a price target of $115.00, indicating a potential upside of 26.70%. Other analysts have also issued positive ratings, with Citigroup and Truist Financial raising their price objectives. Walmart's stock is currently trading at $90.76, with a market cap of $727.64 billion. The company reported earnings of $0.66 per share, exceeding estimates, and had revenue of $180.55 billion for the quarter. Insider trading activity has seen executives selling shares recently, while hedge funds have increased their holdings in Walmart.
Walmart (NYSE:WMT - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $115.00 target price on the retailer's stock. Telsey Advisory Group's price target suggests a potential upside of 26.70% from the company's previous close.
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Other equities analysts have also issued reports about the stock. Citigroup reissued a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Truist Financial boosted their price objective on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $102.43.
View Our Latest Stock Analysis on Walmart
Walmart Stock Performance
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Shares of WMT traded up $1.16 during midday trading on Thursday, reaching $90.76. The stock had a trading volume of 8,946,967 shares, compared to its average volume of 21,485,119. Walmart has a one year low of $58.56 and a one year high of $105.30. The firm has a market cap of $727.64 billion, a PE ratio of 37.66, a P/E/G ratio of 4.42 and a beta of 0.69. The firm has a 50 day simple moving average of $92.76 and a 200-day simple moving average of $89.73. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts anticipate that Walmart will post 2.55 EPS for the current year.
Insider Activity
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In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,852 shares of company stock valued at $16,785,080. Insiders own 45.58% of the company's stock.
Hedge Funds Weigh In On Walmart
Hedge funds and other institutional investors have recently bought and sold shares of the company. Orser Capital Management LLC increased its holdings in Walmart by 0.4% in the first quarter. Orser Capital Management LLC now owns 25,928 shares of the retailer's stock worth $2,276,000 after purchasing an additional 115 shares in the last quarter. Unigestion Holding SA increased its stake in shares of Walmart by 120.5% in the 1st quarter. Unigestion Holding SA now owns 128,301 shares of the retailer's stock valued at $11,264,000 after acquiring an additional 70,113 shares in the last quarter. Bridge Creek Capital Management LLC lifted its position in shares of Walmart by 0.3% during the 1st quarter. Bridge Creek Capital Management LLC now owns 62,241 shares of the retailer's stock valued at $5,464,000 after acquiring an additional 156 shares during the period. Legacy Financial Group LLC boosted its stake in Walmart by 13.4% during the first quarter. Legacy Financial Group LLC now owns 10,042 shares of the retailer's stock worth $882,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Walmart by 10.1% in the first quarter. Whipplewood Advisors LLC now owns 2,830 shares of the retailer's stock worth $230,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.
About Walmart
(Get Free Report)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.
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