Walmart Inc. (NYSE:WMT) Receives Consensus Rating of “Moderate Buy” from Analysts

Walmart Inc. (NYSE:WMTGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.60.

Several analysts have recently issued reports on the company. Stifel Europe upped their price objective on Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research report on Friday, February 16th. Tigress Financial increased their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. increased their target price on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Finally, Morgan Stanley reduced their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a research report on Monday, February 26th.

View Our Latest Analysis on WMT

Walmart Stock Down 1.4 %

Shares of NYSE:WMT opened at $59.15 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. Walmart has a 52-week low of $48.34 and a 52-week high of $61.65. The stock’s fifty day simple moving average is $58.38 and its 200-day simple moving average is $54.98. The company has a market capitalization of $476.63 billion, a P/E ratio of 30.96, a P/E/G ratio of 3.93 and a beta of 0.49.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same period in the prior year, the business earned $0.57 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Walmart will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. Walmart’s dividend payout ratio (DPR) is currently 43.38%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 5,816,175 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the sale, the director now owns 677,052,654 shares of the company’s stock, valued at approximately $39,237,458,141.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,032,265 shares of company stock worth $1,696,559,224. 46.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Avondale Wealth Management lifted its holdings in Walmart by 205.7% during the 1st quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock worth $644,000 after buying an additional 7,200 shares during the last quarter. Heartwood Wealth Advisors LLC lifted its holdings in Walmart by 167.5% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock worth $247,000 after buying an additional 2,570 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in Walmart by 203.1% during the 1st quarter. ST Germain D J Co. Inc. now owns 182,135 shares of the retailer’s stock worth $10,959,000 after buying an additional 122,043 shares during the last quarter. Symmetry Partners LLC lifted its holdings in Walmart by 178.7% during the 1st quarter. Symmetry Partners LLC now owns 95,856 shares of the retailer’s stock worth $5,768,000 after buying an additional 61,456 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its holdings in Walmart by 187.9% during the 1st quarter. M&R Capital Management Inc. now owns 6,712 shares of the retailer’s stock worth $404,000 after buying an additional 4,381 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

(Get Free Report

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.

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Analyst Recommendations for Walmart (NYSE:WMT)

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