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Walmart (NYSE:WMT) Receives Outperform Rating from Mizuho

Walmart logo with Retail/Wholesale background

Key Points

  • Mizuho has reaffirmed an "outperform" rating for Walmart (NYSE:WMT), maintaining a price target of $115.00, suggesting a potential upside of 13.81% from its previous close.
  • Walmart's recent quarterly earnings exceeded analyst estimates, reporting $0.61 earnings per share and a revenue of $165.61 billion, up 2.5% year-over-year.
  • Insider transactions show sales by executives, including CEO Doug McMillon, with a combined total of 144,334 shares sold over the last ninety days, indicating a 0.10% ownership by company insiders.
  • Want stock alerts on Walmart? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Walmart (NYSE:WMT - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Mizuho in a research note issued on Wednesday,Benzinga reports. They presently have a $115.00 price objective on the retailer's stock. Mizuho's price objective would indicate a potential upside of 13.81% from the company's previous close.

WMT has been the topic of several other reports. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Finally, Oppenheimer increased their target price on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $107.47.

Check Out Our Latest Stock Analysis on Walmart

Walmart Trading Down 2.5%

Shares of Walmart stock opened at $101.05 on Wednesday. Walmart has a fifty-two week low of $67.85 and a fifty-two week high of $105.30. The firm has a market cap of $806.42 billion, a PE ratio of 43.18, a P/E/G ratio of 4.99 and a beta of 0.66. The business's fifty day moving average is $97.49 and its two-hundred day moving average is $95.55. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart will post 2.55 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. 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 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was 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. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,334 shares of company stock valued at $13,913,350 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer's stock worth $42,223,116,000 after acquiring an additional 5,856,468 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after acquiring an additional 104,488,610 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Walmart by 0.3% in the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer's stock worth $9,199,712,000 after acquiring an additional 263,718 shares during the last quarter. Norges Bank bought a new position in Walmart in the second quarter worth about $5,367,770,000. Finally, Northern Trust Corp lifted its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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