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

Telsey Advisory Group restated their outperform rating on shares of Walmart (NYSE:WMT) in a research note published on Friday, Briefing.com Automated Import reports. They currently have a $125.00 target price on the retailer’s stock, up from their previous target price of $118.00.

Several other brokerages also recently issued reports on WMT. Gordon Haskett raised shares of Walmart from an accumulate rating to a buy rating and upped their price target for the company from $115.00 to $125.00 in a report on Thursday. Guggenheim reaffirmed a buy rating and issued a $125.00 price target on shares of Walmart in a report on Thursday. Jefferies Financial Group upped their price target on shares of Walmart from $117.00 to $120.00 and gave the company a buy rating in a report on Monday, June 10th. UBS Group upped their price target on shares of Walmart from $105.00 to $107.00 and gave the company a neutral rating in a report on Friday, May 17th. Finally, Daiwa Capital Markets raised shares of Walmart from a neutral rating to an outperform rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the company. Walmart has a consensus rating of Buy and a consensus price target of $112.68.

WMT stock traded up $0.30 during trading on Friday, reaching $112.99. 10,817,600 shares of the company were exchanged, compared to its average volume of 5,421,339. The company has a market cap of $303.17 billion, a P/E ratio of 23.01, a PEG ratio of 4.64 and a beta of 0.41. Walmart has a 52-week low of $85.78 and a 52-week high of $115.49. The stock’s 50 day moving average price is $111.36 and its 200 day moving average price is $103.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, equities research analysts forecast that Walmart will post 4.85 EPS for the current year.

In related news, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the transaction, the director now directly owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. Insiders have sold 3,918,191 shares of company stock worth $405,136,249 in the last three months. Insiders own 51.11% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Walmart by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the last quarter. First Commonwealth Financial Corp PA increased its stake in Walmart by 90.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 24,441 shares of the retailer’s stock worth $2,287,000 after acquiring an additional 11,608 shares during the last quarter. Suntrust Banks Inc. increased its stake in Walmart by 36.9% during the fourth quarter. Suntrust Banks Inc. now owns 566,545 shares of the retailer’s stock worth $52,774,000 after acquiring an additional 152,577 shares during the last quarter. Hilltop Holdings Inc. increased its stake in Walmart by 14.4% during the fourth quarter. Hilltop Holdings Inc. now owns 7,035 shares of the retailer’s stock worth $655,000 after acquiring an additional 888 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Walmart by 4.9% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 384,200 shares of the retailer’s stock worth $35,788,000 after acquiring an additional 17,900 shares during the last quarter. 30.05% of the stock is owned by hedge funds and other institutional investors.

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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