Walmart (NYSE:WMT) Stock Rating Reaffirmed by 92 Resources

Posted by Defense World Staff on May 24th, 2023

Walmart logo Walmart (NYSE:WMT – Get Rating)‘s stock had its “maintains” rating reaffirmed by equities research analysts at 92 Resources in a research report issued to clients and investors on Monday, Benzinga reports.

A number of other analysts have also recently weighed in on WMT. Erste Group Bank reiterated a “hold” rating on shares of Walmart in a research report on Tuesday, March 28th. Stephens reissued an “overweight” rating and issued a $170.00 price objective on shares of Walmart in a report on Wednesday, April 5th. Roth Capital reaffirmed a “buy” rating on shares of Walmart in a research note on Tuesday, February 14th. Stifel Nicolaus raised their price objective on Walmart from $157.00 to $161.00 in a research note on Thursday, April 6th. Finally, Truist Financial raised their price objective on Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.13.

Walmart Price Performance

Shares of NYSE WMT opened at $148.31 on Monday. The company has a market capitalization of $400.04 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 4.40 and a beta of 0.48. Walmart has a 1-year low of $117.90 and a 1-year high of $154.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50-day moving average of $148.40 and a 200-day moving average of $145.85.

Walmart (NYSE:WMT – Get Rating) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The firm had revenue of $152.30 billion during the quarter, compared to the consensus estimate of $147.91 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. Walmart’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Walmart will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 600 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $150.02, for a total transaction of $90,012.00. Following the completion of the transaction, the insider now owns 245,255,856 shares in the company, valued at $36,793,283,517.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Jim C. Walton sold 170,731 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $141.71, for a total value of $24,194,290.01. Following the transaction, the insider now directly owns 265,630,492 shares of the company’s stock, valued at approximately $37,642,497,021.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 600 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $150.02, for a total value of $90,012.00. Following the completion of the transaction, the insider now directly owns 245,255,856 shares in the company, valued at $36,793,283,517.12. The disclosure for this sale can be found here. Insiders have sold a total of 20,647,447 shares of company stock valued at $2,926,567,683 over the last three months. 47.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fiduciary Alliance LLC bought a new stake in shares of Walmart in the 4th quarter valued at $443,000. Spotlight Asset Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth about $536,000. Merit Financial Group LLC boosted its stake in shares of Walmart by 77.9% during the 4th quarter. Merit Financial Group LLC now owns 20,181 shares of the retailer’s stock worth $2,862,000 after buying an additional 8,840 shares during the last quarter. PFS Investments Inc. acquired a new position in shares of Walmart during the 3rd quarter worth about $355,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Walmart during the 3rd quarter worth about $17,529,000. Institutional investors and hedge funds own 31.27% of the company’s stock.

About Walmart

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.