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

Telsey Advisory Group reaffirmed their outperform rating on shares of Walmart (NYSE:WMT) in a research report sent to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $92.00 price target on the retailer’s stock.

Several other equities analysts have also recently commented on WMT. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Robert W. Baird upped their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $85.18.

Walmart Price Performance

Walmart stock opened at $84.27 on Wednesday. The firm has a market cap of $677.38 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock’s fifty day moving average price is $81.14 and its two-hundred day moving average price is $72.62. Walmart has a one year low of $49.85 and a one year high of $85.79.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business earned $0.61 earnings per share. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value 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. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last quarter. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. WFA Asset Management Corp boosted its holdings in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Empowered Funds LLC grew its position in Walmart by 307.1% in the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after purchasing an additional 120,919 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Walmart by 194.4% during the 1st quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock worth $1,372,000 after buying an additional 15,053 shares in the last quarter. Finally, WMG Financial Advisors LLC boosted its stake in shares of Walmart by 212.8% in the 1st quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock worth $1,354,000 after buying an additional 15,303 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.