Walmart’s (WMT) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Walmart (NYSE:WMT) in a report published on Friday,Benzinga reports. They currently have a $115.00 price objective on the retailer’s stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Walmart Stock Down 2.6 %

WMT stock opened at $94.70 on Friday. Walmart has a 52-week low of $57.77 and a 52-week high of $105.30. The company’s 50 day simple moving average is $95.63 and its 200-day simple moving average is $86.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $760.77 billion, a P/E ratio of 38.86, a P/E/G ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. As a group, equities research analysts anticipate that Walmart will post 2.48 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 34.02%.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently made changes to their positions in WMT. Swedbank AB raised its stake in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares in the last quarter. X Square Capital LLC increased its position in shares of Walmart by 3.1% during the 3rd quarter. X Square Capital LLC now owns 34,460 shares of the retailer’s stock worth $2,783,000 after purchasing an additional 1,032 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Walmart during the 3rd quarter worth about $1,082,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Walmart by 11.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 101,000 shares of the retailer’s stock worth $8,156,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. increased its position in shares of Walmart by 2.2% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 22,430 shares of the retailer’s stock worth $1,811,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

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.