Walmart (NYSE:WMT) Earns Outperform Rating from Telsey Advisory Group

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $115.00 price objective on the retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 13.81% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Robert W. Baird lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Evercore ISI lifted their price objective on Walmart from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $106.87.

Walmart Stock Down 2.5%

NYSE WMT opened at $101.05 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a 50-day simple moving average of $97.49 and a 200 day simple moving average of $95.55. Walmart has a twelve month low of $67.85 and a twelve month high of $105.30. The stock has a market cap of $806.42 billion, a PE ratio of 43.18, a PEG ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Walmart will post 2.55 EPS for the current year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company’s stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at $103,252,135. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,334 shares of company stock worth $13,913,350 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently made changes to their positions in the company. Access Investment Management LLC acquired a new position in shares of Walmart in the 2nd quarter valued at $26,000. Operose Advisors LLC lifted its position in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC lifted its position in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Bear Mountain Capital Inc. lifted its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds 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.