Walmart (NYSE:WMT) Lifted to Strong-Buy at Redburn Atlantic

Redburn Atlantic upgraded shares of Walmart (NYSE:WMT) to a strong-buy rating in a research note released on Monday morning, Zacks.com reports.

A number of other research firms also recently weighed in on WMT. Morgan Stanley boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an overweight rating in a report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a hold rating to a buy rating and boosted their target price for the stock from $76.00 to $89.00 in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a hold rating in a research note on Tuesday, August 13th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a buy rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a buy rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Buy and a consensus price target of $80.19.

Walmart Trading Down 1.8 %

Walmart stock opened at $79.91 on Monday. Walmart has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $642.34 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 4.04 and a beta of 0.51. The firm has a 50 day moving average of $74.26 and a 200 day moving average of $67.35.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts predict that Walmart will post 2.44 earnings per share for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,317,999 shares of company stock valued at $956,341,379. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at $30,000. 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.