Walmart (NYSE:WMT) Receives New Coverage from Analysts at Atlantic Securities

Atlantic Securities started coverage on shares of Walmart (NYSE:WMT) in a research report report published on Thursday, Briefing.com Automated Import reports. The brokerage issued an overweight rating and a $130.00 price target on the retailer’s stock.

A number of other analysts have also commented on WMT. Robert W. Baird reaffirmed a buy rating and set a $130.00 price objective on shares of Walmart in a research note on Friday, February 14th. BMO Capital Markets restated a buy rating and issued a $140.00 price objective on shares of Walmart in a report on Wednesday, February 19th. Wolfe Research downgraded Walmart to a hold rating in a report on Wednesday, February 26th. Credit Suisse Group upgraded Walmart from a neutral rating to an outperform rating and increased their price target for the company from $115.00 to $127.00 in a report on Wednesday, March 18th. Finally, Royal Bank of Canada set a $124.00 price target on Walmart and gave the company a neutral rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company. Walmart presently has a consensus rating of Buy and an average price target of $125.23.

Shares of Walmart stock traded down $0.24 during trading on Thursday, hitting $109.58. 11,983,603 shares of the stock were exchanged, compared to its average volume of 15,294,715. The stock’s fifty day moving average is $115.18 and its 200 day moving average is $117.38. The stock has a market cap of $311.04 billion, a PE ratio of 21.11, a P/E/G ratio of 4.35 and a beta of 0.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.22 and a current ratio of 0.79. Walmart has a 12 month low of $96.53 and a 12 month high of $128.08.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 18th. The retailer reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.05). Walmart had a net margin of 2.84% and a return on equity of 18.16%. The company had revenue of $141.70 billion during the quarter, compared to the consensus estimate of $141.67 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Walmart will post 5.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a $0.54 dividend. The ex-dividend date is Thursday, December 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.97%. Walmart’s dividend payout ratio is presently 43.81%.

In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $117.41, for a total value of $9,979,850.00. Following the sale, the executive vice president now directly owns 2,466,418 shares in the company, valued at $289,582,137.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 50,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $116.50, for a total value of $5,825,000.00. The disclosure for this sale can be found here. Insiders sold 321,205 shares of company stock worth $37,403,190 in the last 90 days. Corporate insiders own 51.11% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Crestwood Advisors Group LLC grew its position in Walmart by 54.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,709 shares of the retailer’s stock worth $322,000 after buying an additional 950 shares in the last quarter. Solstein Capital LLC bought a new position in Walmart during the 4th quarter valued at approximately $427,000. Cedar Capital LLC raised its position in Walmart by 14.9% during the 4th quarter. Cedar Capital LLC now owns 13,133 shares of the retailer’s stock valued at $1,561,000 after purchasing an additional 1,701 shares during the last quarter. Ancora Advisors LLC raised its position in Walmart by 12.3% during the 4th quarter. Ancora Advisors LLC now owns 7,330 shares of the retailer’s stock valued at $871,000 after purchasing an additional 802 shares during the last quarter. Finally, Peterson Wealth Management purchased a new position in shares of Walmart during the 4th quarter worth approximately $218,000. Institutional investors own 30.37% 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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