Walmart (NYSE:WMT) Rating Lowered to Buy at StockNews.com

Walmart (NYSE:WMTGet Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

WMT has been the subject of several other reports. TD Cowen increased their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Evercore ISI raised their price target on Walmart from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday. DA Davidson raised their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. UBS Group raised their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group raised their price target on Walmart from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $68.01.

Get Our Latest Analysis on WMT

Walmart Price Performance

Shares of Walmart stock opened at $65.15 on Monday. The business has a 50 day simple moving average of $60.48 and a two-hundred day simple moving average of $56.65. Walmart has a 12 month low of $48.34 and a 12 month high of $65.19. The stock has a market capitalization of $524.98 billion, a P/E ratio of 27.88, a PEG ratio of 4.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, analysts predict that Walmart will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the insider now owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,743,215 shares of company stock valued at $1,587,502,040. 46.51% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

Several large investors have recently added to or reduced their stakes in WMT. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart during the third quarter valued at about $25,000. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $35,000. 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.

See Also

Analyst Recommendations for Walmart (NYSE:WMT)

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