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

Telsey Advisory Group reissued their outperform rating on shares of Walmart (NYSE:WMT) in a research note released on Friday morning, Benzinga reports. The firm currently has a $185.00 target price on the retailer’s stock. Telsey Advisory Group also issued estimates for Walmart’s Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $6.48 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $7.13 EPS.

Several other analysts also recently commented on the stock. Roth Mkm raised their price objective on shares of Walmart from $169.00 to $179.00 and gave the company a buy rating in a research report on Friday, August 18th. Morgan Stanley lifted their price target on shares of Walmart from $160.00 to $170.00 and gave the company an overweight rating in a report on Friday, August 18th. Truist Financial lifted their price target on shares of Walmart from $166.00 to $168.00 and gave the company a hold rating in a report on Friday, August 18th. The Goldman Sachs Group lifted their price target on shares of Walmart from $176.00 to $182.00 and gave the company a buy rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company lifted their price target on shares of Walmart from $175.00 to $180.00 and gave the company an overweight rating in a report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of Moderate Buy and an average target price of $179.00.

Walmart Stock Down 0.0 %

WMT opened at $155.30 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. Walmart has a 1-year low of $136.09 and a 1-year high of $169.94. The company has a market capitalization of $418.00 billion, a PE ratio of 25.75, a PEG ratio of 3.23 and a beta of 0.53. The firm’s 50 day simple moving average is $162.03 and its two-hundred day simple moving average is $157.90.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The business had revenue of $160.80 billion for the quarter, compared to the consensus estimate of $159.65 billion. During the same period last year, the firm earned $1.50 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Walmart will post 6.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total value of $164,370.00. Following the completion of the transaction, the executive vice president now owns 167,735 shares of the company’s stock, valued at $27,570,601.95. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total value of $164,370.00. Following the sale, the executive vice president now owns 167,735 shares in the company, valued at $27,570,601.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total transaction of $708,750.00. Following the completion of the sale, the executive vice president now owns 269,119 shares in the company, valued at approximately $43,597,278. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,166 shares of company stock valued at $5,066,701. Insiders own 46.51% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Kozak & Associates Inc. lifted its holdings in Walmart by 1,490.0% during the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Walmart in the third quarter worth about $25,000. Sageworth Trust Co lifted its stake in shares of Walmart by 2,414.3% in the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of Walmart by 58.3% in the first quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 70 shares in the last quarter. Finally, PFG Private Wealth Management LLC purchased a new position in shares of Walmart in the second quarter worth about $28,000. Institutional investors and hedge funds own 33.18% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.