Walmart Inc. (NYSE:WMT) Receives Average Rating of “Buy” from Analysts

Walmart Inc. (NYSE:WMTGet Rating) has been assigned a consensus recommendation of “Buy” from the twenty-seven ratings firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $167.13.

Several equities analysts recently issued reports on the company. DA Davidson raised their price objective on Walmart from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. UBS Group set a $180.00 price objective on Walmart in a research note on Tuesday, February 8th. Raymond James cut their target price on Walmart from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 22nd. Jefferies Financial Group set a $175.00 target price on Walmart in a research note on Thursday, March 17th. Finally, Cowen cut their target price on Walmart from $175.00 to $165.00 in a research note on Monday, February 14th.

In related news, EVP Judith J. Mckenna sold 15,000 shares of Walmart stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $142.66, for a total transaction of $2,139,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $154.41, for a total value of $1,499,012.28. Following the sale, the chief executive officer now owns 1,536,571 shares in the company, valued at approximately $237,261,928.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,426,790 shares of company stock worth $195,406,267. 48.44% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cordant Inc. acquired a new stake in Walmart during the 1st quarter worth about $25,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in Walmart during the 1st quarter worth about $27,000. Industrial Alliance Investment Management Inc. acquired a new stake in Walmart during the 4th quarter worth about $28,000. Ulland Investment Advisors LLC grew its stake in Walmart by 442.9% during the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 155 shares in the last quarter. Finally, Gibson Wealth Advisors LLC purchased a new position in Walmart during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Shares of WMT opened at $148.21 on Tuesday. The business’s fifty day moving average price is $150.47 and its 200 day moving average price is $144.63. Walmart has a 12-month low of $132.01 and a 12-month high of $160.77. The stock has a market capitalization of $407.99 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.28.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The retailer reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.03. Walmart had a return on equity of 20.42% and a net margin of 2.39%. The firm had revenue of $152.90 billion for the quarter, compared to analysts’ expectations of $150.20 billion. During the same period last year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts anticipate that Walmart will post 6.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 8th. Walmart’s payout ratio is currently 45.90%.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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