Walmart (NYSE:WMT) Earns Outperform Rating from Telsey Advisory Group

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $115.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 18.29% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Guggenheim increased their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $101.87.

Walmart Trading Down 6.5 %

Shares of Walmart stock opened at $97.22 on Friday. The company’s 50-day moving average price is $95.62 and its 200-day moving average price is $86.25. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 12-month low of $57.60 and a 12-month high of $105.30. The company has a market cap of $781.02 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.92% and a return on equity of 21.78%. On average, equities analysts expect that Walmart will post 2.48 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 176,777 shares of company stock worth $16,570,112 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter valued at about $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at approximately $26,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter worth $27,000. Finally, Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.