Telsey Advisory Group reiterated its outperform rating on shares of Walmart (NYSE:WMT – Free Report) in a report published Friday, Benzinga reports. They currently have a $75.00 price target on the retailer’s stock.
A number of other research analysts have also commented on the company. Evercore ISI increased their price target on Walmart from $73.00 to $74.00 and gave the company an outperform rating in a research report on Tuesday, July 16. Barclays increased their price target on Walmart from $60.00 to $66.00 and gave the company an overweight rating in a report on Monday, May 20. KeyCorp increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an overweight rating in a research report on Wednesday, July 17. Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the company a buy rating in a research report on Friday, May 17. Finally, DA Davidson raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a buy rating in a report on Friday, May 17. Three analysts have rated the stock with a hold rating and 27 have given the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.49.
Read our latest research report on Walmart
Price development of Walmart shares
Walmart stock opened at $67.95 on Friday. Walmart has a 12-month low of $49.85 and a 12-month high of $71.33. The company has a market cap of $546.56 billion, a P/E ratio of 29.08, a PEG ratio of 3.91 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $68.47 and a 200-day simple moving average of $62.88.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, May 16. The retailer reported earnings per share (EPS) of $0.60 for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue grew 6.0% year over year. During the same period last year, the company reported earnings per share of $0.49. On average, equities analysts forecast that Walmart will report earnings per share of $2.43 for the current fiscal year.
Insider transactions at Walmart
In related news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a filing with the SEC, available at this hyperlink. In other news, Director S. Robson Walton sold 3,540,250 shares of the company’s stock in a transaction that occurred on Friday, May 17. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure regarding this sale can be found here. Insiders have sold 14,540,863 shares of the company’s stock during the last quarter, valued at $954,455,147. 45.58% of the shares are currently owned by company insiders.
Institutional investors comment on Walmart
Institutional investors and hedge funds have recently changed their holdings in the stock. Vanguard Group Inc. increased its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at $3,674,652,000. Bank of New York Mellon Corp increased its stake in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.
About Walmart
(Get free report)
Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.
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