Walmart Inc. (NYSE:WMT) Given Consensus Rating of “Buy” by Analysts

Shares of Walmart Inc. (NYSE:WMT) have received an average recommendation of “Buy” from the thirty analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twenty-eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $82.96.

Several equities analysts recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group boosted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Roth Mkm increased their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock.

Walmart Trading Up 0.3 %

WMT stock opened at $80.33 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart has a twelve month low of $49.85 and a twelve month high of $81.60. The company has a market cap of $646.14 billion, a P/E ratio of 34.33, a PEG ratio of 3.99 and a beta of 0.51. The business has a fifty day moving average of $76.80 and a 200-day moving average of $69.07.

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

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,335,272 shares of company stock valued at $958,101,276 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

A number of institutional investors have recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after purchasing an additional 83,376 shares during the period. Sivia Capital Partners LLC boosted its position in Walmart by 1.4% in the third quarter. Sivia Capital Partners LLC now owns 12,230 shares of the retailer’s stock valued at $988,000 after buying an additional 174 shares in the last quarter. Grove Bank & Trust grew its position in Walmart by 1.9% during the 3rd quarter. Grove Bank & Trust now owns 18,693 shares of the retailer’s stock worth $1,509,000 after acquiring an additional 357 shares during the last quarter. Fiduciary Alliance LLC increased its stake in shares of Walmart by 48.2% in the third quarter. Fiduciary Alliance LLC now owns 17,842 shares of the retailer’s stock valued at $1,441,000 after buying an additional 5,805 shares during the period. Finally, Granite Harbor Advisors Inc. raised its stake in shares of Walmart by 29.0% during the third quarter. Granite Harbor Advisors Inc. now owns 8,136 shares of the retailer’s stock valued at $657,000 after acquiring an additional 1,831 shares during the last quarter. Institutional investors 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.