Walmart Inc. (NYSE:WMT) receives an average “Buy” recommendation from analysts
Shares of Walmart Inc. (NYSE: WMT – Get a rating) received an average “Buy” recommendation from the twenty-nine brokerages that currently cover the business, Marketbeat.com reports. One equity research analyst rated the stock with a sell recommendation, six issued a hold recommendation and twelve issued a buy recommendation on the company. The 12-month average price target among analysts who have reported on the stock in the past year is $157.56.
A number of equity research analysts have published reports on WMT shares. UBS Group cut its price target on Walmart shares from $180.00 to $165.00 and set a “buy” rating on the stock in a Wednesday, May 18 report. Truist Financial cut its price target on Walmart stock from $150.00 to $139.00 and gave the stock an “na” rating in a Wednesday, May 18 report. MKM Partners cut its price target on Walmart stock to $159.00 and gave the stock an “na” rating in a Wednesday, May 18 report. Jefferies Financial Group cut its price target on Walmart stock from $175.00 to $155.00 and set a “buy” rating on the stock in a Wednesday, May 18 report. Finally, Telsey Advisory Group lowered its price target on Walmart shares from $175.00 to $160.00 and set an “outperform” rating for the company in a Wednesday, May 18 research report.
WMT stock opened at $121.70 on Friday. The company has a debt ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.86. Walmart has a 52-week low of $117.27 and a 52-week high of $160.77. The company’s fifty-day moving average is $142.69 and its 200-day moving average is $141.66. The company has a market capitalization of $333.60 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.47 and a beta of 0.50.
Walmart (NYSE: WMT- Get a rating) last announced its quarterly results on Tuesday, May 17. The retailer reported earnings per share (EPS) of $1.30 for the quarter, missing analyst consensus estimates of $1.48 per ($0.18). The company posted revenue of $141.60 billion in the quarter, versus a consensus estimate of $138.05 billion. Walmart had a return on equity of 19.05% and a net margin of 2.26%. Walmart’s revenue grew 2.4% year over year. During the same period last year, the company achieved EPS of $1.69. As a group, analysts expect Walmart to post EPS of 6.4 for the current year.
In other news, CEO C Douglas McMillon sold 9,708 Walmart shares in a trade that took place on Thursday, April 28. The shares were sold at an average price of $154.41, for a total value of $1,499,012.28. Following the completion of the sale, the CEO now directly owns 1,536,571 shares of the company, valued at $237,261,928.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders sold 29,124 shares of the company valued at $4,100,950 during the last quarter. Insiders of the company hold 48.44% of the shares of the company.
Hedge funds and other institutional investors have recently changed their positions in the stock. Eagle Capital Management LLC increased its position in Walmart shares by 2.3% in the second quarter. Eagle Capital Management LLC now owns 30,602 shares of the retailer worth $4,315,000 after purchasing an additional 682 shares during the period. Morgan Stanley increased its position in Walmart shares by 1.6% in the second quarter. Morgan Stanley now owns 14,109,245 shares of the retailer worth $1,989,686,000 after purchasing an additional 225,224 shares during the period. Keudell Morrison Wealth Management increased its position in Walmart shares by 4.1% in the third quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the retailer worth $641,000 after purchasing an additional 183 shares during the period. Center for Financial Planning Inc. increased its position in Walmart shares by 5.7% in the third quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer worth $305,000 after buying 118 additional shares during the period. Finally, Crake Asset Management LLP bought a new position in Walmart stock in the third quarter worth approximately $38,748,000. Institutional investors hold 30.79% of the company’s shares.
About Walmart (Get a rating)
Walmart Inc operates retail, wholesale and other units around the world. 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; members-only warehouse clubs; e-commerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com and samsclub.com; and mobile commerce applications.
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