Walmart (WMT) Upgraded to “Accumulate” at Gordon Haskett

Gordon Haskett upgraded shares of Walmart (NYSE:WMT) from a hold rating to an accumulate rating in a report published on Friday morning, Benzinga reports. They currently have $115.00 price target on the retailer’s stock.

WMT has been the topic of several other research reports. Credit Suisse Group reissued a neutral rating and issued a $103.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Morgan Stanley set a $113.00 price objective on shares of Walmart and gave the company an overweight rating in a research note on Wednesday, February 20th. BMO Capital Markets reaffirmed a buy rating and set a $115.00 price objective on shares of Walmart in a research note on Thursday, February 21st. Zacks Investment Research cut shares of Walmart from a buy rating to a hold rating in a research note on Saturday, January 19th. Finally, Bank of America set a $120.00 price objective on shares of Walmart and gave the company a buy rating in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $107.13.

NYSE WMT opened at $101.52 on Friday. Walmart has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.23 and a current ratio of 0.77. The company has a market capitalization of $298.79 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 4.62 and a beta of 0.36.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.09%. Walmart’s dividend payout ratio is presently 43.18%.

In other Walmart news, insider John R. Furner sold 10,427 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Furner sold 10,000 shares of the business’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 transaction of $1,018,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 14,255,221 shares of company stock valued at $1,407,521,976. Corporate insiders own 51.11% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after purchasing an additional 1,110,593 shares in the last quarter. FMR LLC boosted its stake in shares of Walmart by 0.4% in the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 7.8% in the 1st quarter. Geode Capital Management LLC now owns 19,557,533 shares of the retailer’s stock valued at $1,904,041,000 after purchasing an additional 1,408,914 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Walmart by 0.3% in the 1st quarter. Northern Trust Corp now owns 17,655,254 shares of the retailer’s stock valued at $1,721,917,000 after purchasing an additional 56,476 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Walmart by 2,899.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after purchasing an additional 14,058,442 shares in the last quarter. 28.96% of the stock is owned by institutional investors and hedge funds.

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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