Walmart (NYSE:WMT) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Walmart (NYSE:WMT) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $185.00 target price on the retailer’s stock. Telsey Advisory Group also issued estimates for Walmart’s Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $6.48 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $7.13 EPS.

WMT has been the subject of several other research reports. KeyCorp lifted their price objective on Walmart from $175.00 to $177.00 and gave the company an overweight rating in a research report on Friday, August 18th. Roth Mkm lifted their price objective on Walmart from $169.00 to $179.00 and gave the company a buy rating in a research report on Friday, August 18th. Tigress Financial lifted their target price on Walmart from $182.00 to $196.00 and gave the company a buy rating in a research note on Wednesday, October 25th. Truist Financial lifted their target price on Walmart from $166.00 to $168.00 and gave the company a hold rating in a research note on Friday, August 18th. Finally, Raymond James lifted their price objective on Walmart from $160.00 to $170.00 and gave the stock an outperform rating in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of Moderate Buy and an average target price of $179.00.

Walmart Trading Down 0.0 %

Walmart stock opened at $155.30 on Friday. The business has a 50 day moving average price of $162.03 and a two-hundred day moving average price of $157.90. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock has a market cap of $418.00 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. Walmart has a 12 month low of $136.09 and a 12 month high of $169.94.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The business had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. During the same period in the prior year, the firm posted $1.50 EPS. Walmart’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Walmart will post 6.44 EPS for the current year.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total value of $708,750.00. Following the sale, the executive vice president now owns 269,119 shares of the company’s stock, valued at approximately $43,597,278. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the completion of the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The disclosure for this sale can be found here. Insiders sold a total of 31,166 shares of company stock worth $5,066,701 in the last three months. Company insiders own 46.51% of the company’s stock.

Institutional Trading of Walmart

A number of hedge funds have recently made changes to their positions in WMT. Kozak & Associates Inc. lifted its holdings in shares of Walmart by 1,490.0% during the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Walmart in the third quarter worth $25,000. Sageworth Trust Co lifted its stake in Walmart by 2,414.3% in the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. NewSquare Capital LLC lifted its stake in Walmart by 58.3% in the first quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after purchasing an additional 70 shares during the last quarter. Finally, PFG Private Wealth Management LLC bought a new stake in Walmart in the second quarter worth $28,000. 33.18% of the stock is owned by institutional investors.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.