Walmart Inc (NYSE:WMT) has received a consensus recommendation of “Buy” from the thirty-four brokerages that are currently covering the stock, MarketBeat.com reports. Nineteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $101.82.
A number of brokerages recently issued reports on WMT. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Vetr raised Walmart from a “sell” rating to a “hold” rating and set a $96.71 price target on the stock in a research report on Monday, November 27th. Oppenheimer set a $93.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Friday, March 2nd. Finally, Credit Suisse Group set a $102.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Thursday, March 8th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Walmart in the 4th quarter valued at $105,000. Lenox Wealth Advisors Inc. lifted its stake in shares of Walmart by 13,287.5% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after acquiring an additional 1,063 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Walmart in the 4th quarter valued at $123,000. Cerebellum GP LLC bought a new position in shares of Walmart in the 4th quarter valued at $127,000. Finally, G&S Capital LLC bought a new position in shares of Walmart in the 4th quarter valued at $128,000. Institutional investors own 30.03% of the company’s stock.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion for the quarter, compared to the consensus estimate of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. Walmart’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. research analysts expect that Walmart will post 4.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is 65.00%.
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Walmart Company Profile
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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