Walmart Inc (NYSE:WMT) Receives Consensus Rating of “Buy” from Brokerages

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Shares of Walmart Inc (NYSE:WMT) have been given a consensus recommendation of “Buy” by the thirty research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $124.87.

Several brokerages recently commented on WMT. KeyCorp reiterated an “overweight” rating and issued a $138.00 target price (up previously from $128.00) on shares of Walmart in a report on Friday, November 15th. Deutsche Bank set a $124.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and raised their price target for the company from $115.00 to $125.00 in a research report on Thursday, August 15th. Citigroup reiterated a “buy” rating and issued a $135.00 price objective (up from $129.00) on shares of Walmart in a research note on Wednesday, September 18th. Finally, Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating and set a $126.00 price objective for the company. in a research report on Monday.

Walmart stock traded up $0.02 during mid-day trading on Friday, hitting $118.69. 5,549,227 shares of the company’s stock were exchanged, compared to its average volume of 5,661,633. Walmart has a 1-year low of $85.78 and a 1-year high of $125.38. The stock has a 50 day moving average of $119.04 and a two-hundred day moving average of $113.37. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The stock has a market cap of $338.73 billion, a P/E ratio of 24.17, a P/E/G ratio of 4.83 and a beta of 0.36.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The business had revenue of $126.98 billion for the quarter, compared to analyst estimates of $128.08 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts predict that Walmart will post 4.97 EPS for the current fiscal year.

In related news, EVP Judith J. Mckenna sold 8,300 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $119.21, for a total value of $989,443.00. Following the completion of the transaction, the executive vice president now directly owns 216,811 shares in the company, valued at $25,846,039.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.22% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in shares of Walmart in the 2nd quarter worth about $26,000. AllSquare Wealth Management LLC boosted its position in Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new position in Walmart in the second quarter valued at about $34,000. Shine Investment Advisory Services Inc. boosted its position in Walmart by 181.7% in the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after buying an additional 198 shares in the last quarter. Finally, Knuff & Co LLC bought a new stake in Walmart during the third quarter worth about $36,000. Institutional investors and hedge funds own 30.31% of the company’s stock.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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