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

Telsey Advisory Group restated their outperform rating on shares of Walmart (NYSE:WMT - Free Report) in a research report report published on Monday,Benzinga reports. The firm currently has a $115.00 price target on the retailer's stock.

A number of other brokerages also recently weighed in on WMT. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company raised their price target on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.94.

Walmart Stock Up 2.0%

Shares of NYSE:WMT traded up $1.91 during trading hours on Monday, hitting $98.26. The company's stock had a trading volume of 33,683,902 shares, compared to its average volume of 18,061,653. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm's fifty day moving average price is $90.98 and its 200 day moving average price is $92.29. Walmart has a 52 week low of $62.94 and a 52 week high of $105.30. The company has a market capitalization of $786.18 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 4.42 and a beta of 0.70.

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

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is presently 39.00%.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% of the company's stock.

Institutional Trading of Walmart

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Walmart by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after acquiring an additional 3,224,154 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank purchased a new stake in shares of Walmart during the fourth quarter worth about $5,737,355,000. Fisher Asset Management LLC increased its stake in shares of Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

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.