Walmart (NYSE:WMT) Trading Up 0.2% Following Analyst Upgrade

Walmart Inc. (NYSE:WMTGet Free Report) was up 0.2% during mid-day trading on Tuesday after Evercore ISI raised their price target on the stock from $66.00 to $68.00. Evercore ISI currently has an outperform rating on the stock. Walmart traded as high as $60.79 and last traded at $60.68. Approximately 2,903,987 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 20,420,758 shares. The stock had previously closed at $60.57.

A number of other research firms have also issued reports on WMT. Stifel Nicolaus restated a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Oppenheimer reduced their target price on shares of Walmart to $67.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $68.33 price target (up previously from $61.67) on shares of Walmart in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average target price of $61.61.

Get Our Latest Stock Report on WMT

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the completion of the sale, the insider now directly owns 652,044,261 shares of the company’s stock, valued at $39,729,056,822.73. The disclosure for this sale can be found here. Insiders have sold a total of 37,855,694 shares of company stock valued at $2,160,109,372 over the last ninety days. Corporate insiders own 46.51% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WMT. AMI Investment Management Inc. increased its position in Walmart by 1.6% in the 1st quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock worth $1,231,000 after purchasing an additional 132 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in Walmart by 36.8% in the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after buying an additional 1,296 shares during the last quarter. Covestor Ltd raised its position in Walmart by 31.7% during the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock valued at $173,000 after acquiring an additional 280 shares in the last quarter. Ergoteles LLC lifted its stake in Walmart by 123.9% in the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock valued at $1,573,000 after acquiring an additional 5,847 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Walmart by 1.7% in the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock worth $127,749,000 after acquiring an additional 13,985 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.1 %

The company has a market cap of $487.59 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 3.98 and a beta of 0.49. The company’s 50 day moving average price is $57.75 and its 200 day moving average price is $54.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is currently 43.38%.

Walmart Company Profile

(Get Free Report)

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 under Walmart and Walmart Neighborhood Market brands; 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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