Walmart's (WMT) "Outperform" Rating Reaffirmed at Telsey Advisory Group

Walmart (NYSE:WMT - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They presently have a $115.00 price target on the retailer's stock. Telsey Advisory Group's price target points to a potential upside of 18.00% from the stock's current price.

WMT has been the topic of several other reports. 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. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Raymond James decreased their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $105.16.

Walmart Stock Down 0.5%

WMT stock opened at $97.46 on Monday. The company has a 50 day moving average price of $94.71 and a two-hundred day moving average price of $93.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market capitalization of $779.77 billion, a P/E ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. Walmart has a one year low of $65.90 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that Walmart will post 2.55 EPS for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 over the last three months. Insiders own 45.58% of the company's stock.

Institutional Trading of Walmart

Institutional investors and hedge funds have recently made changes to their positions in the stock. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Operose Advisors LLC lifted its stake in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares during the last quarter. Bear Mountain Capital Inc. boosted its holdings in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares during the last quarter. 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.

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.