Walmart (WMT) Rating Increased to Outperform at Daiwa Capital Markets

Walmart (NYSE:WMT) was upgraded by investment analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other brokerages have also commented on WMT. Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price objective on the stock in a report on Friday. BMO Capital Markets reissued a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Thursday, February 21st. Bank of America set a $120.00 price objective on Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. Barclays reissued a “buy” rating and set a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.13.

WMT stock traded down $0.33 during mid-day trading on Tuesday, hitting $101.19. The stock had a trading volume of 229,977 shares, compared to its average volume of 7,105,771. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.23. Walmart has a 1-year low of $81.78 and a 1-year high of $106.21. The firm has a market cap of $297.78 billion, a P/E ratio of 20.61, a PEG ratio of 4.62 and a beta of 0.36.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same period in the prior year, the firm posted $1.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Walmart will post 4.79 EPS for the current year.

In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the completion of the sale, the executive vice president now owns 225,373 shares in the company, valued at approximately $22,580,120.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John R. Furner sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $101.82, for a total value of $1,018,200.00. The disclosure for this sale can be found here. Insiders sold a total of 14,255,221 shares of company stock worth $1,407,521,976 in the last ninety days. Insiders own 51.11% of the company’s stock.

Several hedge funds have recently made changes to their positions in WMT. Vanguard Group Inc grew its holdings in shares of Walmart by 0.9% during the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after buying an additional 1,110,593 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Walmart by 16.1% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,052 shares of the retailer’s stock valued at $98,000 after purchasing an additional 146 shares during the period. Highland Capital Management LLC grew its holdings in shares of Walmart by 4.2% in the fourth quarter. Highland Capital Management LLC now owns 3,876 shares of the retailer’s stock valued at $361,000 after purchasing an additional 156 shares during the period. Evanson Asset Management LLC grew its holdings in shares of Walmart by 13.9% in the fourth quarter. Evanson Asset Management LLC now owns 7,056 shares of the retailer’s stock valued at $657,000 after purchasing an additional 860 shares during the period. Finally, Pratt Collard Advisory Partners LLC grew its holdings in shares of Walmart by 1.2% in the fourth quarter. Pratt Collard Advisory Partners LLC now owns 24,625 shares of the retailer’s stock valued at $2,294,000 after purchasing an additional 295 shares during the period. Institutional investors own 28.96% of the company’s stock.

Walmart Company Profile

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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