Positive News Coverage Extremely Likely to Impact Walmart (NYSE:WMT) Stock Price
News articles about Walmart (NYSE:WMT) have been trending positive on Friday, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Walmart earned a news impact score of 2.05 on their scale. InfoTrie also gave headlines about the retailer an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Walmart’s analysis:
- Is Walmart Open on Father’s Day 2020? Here’s What to Know About Their Holiday Hours – countryliving.com (countryliving.com)
- Walmart Worker/Poet Raps Upbeat Message 05/22/2020 – MediaPost Communications (mediapost.com)
- Employee at 8th Street Walmart tests positive for COVID-19 – KRDO (krdo.com)
- 1 Surprising Number From Walmart’s First-Quarter Results – Motley Fool (fool.com)
- Ross Stores Misses, Halts Dividned After TJX Bullish On Reopened Stores (finance.yahoo.com)
A number of research firms recently weighed in on WMT. Oppenheimer reaffirmed a “buy” rating and set a $145.00 price target on shares of Walmart in a research note on Tuesday. Barclays increased their price objective on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on Walmart from $117.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday. Raymond James increased their price objective on Walmart from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Exane BNP Paribas downgraded Walmart to an “underperform” rating and set a $98.00 price objective for the company. in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.03.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Walmart had a return on equity of 18.05% and a net margin of 2.81%. The business had revenue of $134.62 billion during the quarter, compared to analyst estimates of $130.91 billion. During the same period in the prior year, the company earned $1.13 earnings per share. Walmart’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Walmart will post 4.87 EPS for the current year.
In other Walmart news, EVP M. Brett Biggs sold 16,205 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $114.39, for a total transaction of $1,853,689.95. Following the sale, the executive vice president now owns 264,445 shares in the company, valued at $30,249,863.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $117.41, for a total value of $9,979,850.00. Following the sale, the executive vice president now owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,205 shares of company stock valued at $39,041,990. 51.11% of the stock is owned by corporate insiders.
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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