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

Telsey Advisory Group restated their outperform rating on shares of Walmart (NYSE:WMT) in a research note released on Friday morning, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $125.00 price objective on the retailer’s stock, up from their previous price objective of $118.00.

WMT has been the topic of several other reports. Loop Capital lifted their price target on Walmart to $115.00 and gave the company a hold rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the company a neutral rating in a research report on Friday. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a neutral rating in a research report on Thursday. Sanford C. Bernstein upgraded Walmart from a market perform rating to an outperform rating and set a $101.80 price target on the stock in a research report on Thursday, May 2nd. Finally, KeyCorp lifted their price target on Walmart from $120.00 to $125.00 and gave the company an overweight rating in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $113.28.

Shares of NYSE WMT opened at $112.99 on Friday. The company has a market cap of $321.70 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41. Walmart has a 12-month low of $85.78 and a 12-month high of $115.49. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $111.36 and its 200 day simple moving average is $103.71.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Walmart will post 4.91 earnings per share for the current fiscal year.

In related news, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the completion of the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the sale, the director now directly owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,097,455 shares of company stock valued at $321,872,581. 51.11% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clarfeld Financial Advisors LLC acquired a new stake in shares of Walmart in the fourth quarter worth about $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Walmart in the second quarter worth about $26,000. C J Advisory Inc acquired a new stake in shares of Walmart in the first quarter worth about $29,000. AllSquare Wealth Management LLC lifted its position in shares of Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in shares of Walmart in the second quarter worth about $34,000. 30.05% of the stock is owned by hedge funds and other institutional investors.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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