Telsey Advisory Group Reaffirms “Outperform” Rating for Walmart (NYSE:WMT)

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $115.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 15.05% from the company’s current price.

Other equities research analysts have also issued research reports about the company. DA Davidson reissued a “buy” rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Evercore ISI boosted their price target on Walmart from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. Finally, KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $107.47.

Walmart Stock Down 0.9%

Shares of Walmart stock opened at $99.96 on Thursday. The stock’s 50-day moving average is $97.60 and its 200 day moving average is $95.59. The firm has a market cap of $797.72 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 4.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart has a one year low of $72.52 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Walmart will post 2.55 EPS for the current year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,744 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the sale, the executive vice president owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the transaction, the executive vice president owned 626,118 shares of the company’s stock, valued at approximately $61,547,399.40. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,334 shares of company stock valued at $13,913,350 in the last quarter. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of WMT. Access Investment Management LLC purchased a new stake in Walmart during the second quarter worth approximately $26,000. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after purchasing an additional 243 shares during the period. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares during the period. Bear Mountain Capital Inc. increased its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.