Walmart (NYSE:WMT) Receives Outperform Rating from Mizuho

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Mizuho in a note issued to investors on Wednesday,Benzinga reports. They currently have a $115.00 price target on the retailer’s stock. Mizuho’s target price would indicate a potential upside of 13.81% from the stock’s previous close.

A number of other research firms have also recently weighed in on WMT. Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Oppenheimer boosted their target price on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and an average target price of $107.47.

Walmart Stock Performance

WMT opened at $101.05 on Wednesday. The business’s 50 day moving average is $97.49 and its 200-day moving average is $95.55. The stock has a market cap of $806.42 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 4.99 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart has a twelve month low of $67.85 and a twelve month high of $105.30.

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

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company’s stock, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,334 shares of company stock worth $13,913,350 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of the business. CoreFirst Bank & Trust lifted its position in Walmart by 12.7% during the 2nd quarter. CoreFirst Bank & Trust now owns 28,975 shares of the retailer’s stock worth $2,833,000 after acquiring an additional 3,267 shares during the last quarter. Sentinus LLC raised its position in shares of Walmart by 17.3% during the second quarter. Sentinus LLC now owns 5,974 shares of the retailer’s stock valued at $584,000 after buying an additional 883 shares during the last quarter. Tandem Financial LLC acquired a new position in shares of Walmart during the second quarter valued at about $204,000. Acorn Wealth Advisors LLC raised its position in shares of Walmart by 9.6% during the second quarter. Acorn Wealth Advisors LLC now owns 4,025 shares of the retailer’s stock valued at $394,000 after buying an additional 353 shares during the last quarter. Finally, Goodwin Investment Advisory acquired a new position in shares of Walmart during the second quarter valued at about $231,000. 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.