Walmart Inc (NYSE:WMT) – Equities research analysts at Jefferies Financial Group issued their Q1 2020 earnings per share (EPS) estimates for Walmart in a report issued on Wednesday, October 17th. Jefferies Financial Group analyst C. Mandeville forecasts that the retailer will post earnings per share of $1.08 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $112.00 target price on the stock. Jefferies Financial Group also issued estimates for Walmart’s Q2 2020 earnings at $1.27 EPS, Q3 2020 earnings at $0.99 EPS and Q4 2020 earnings at $1.31 EPS.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share.
Several other brokerages have also weighed in on WMT. Goldman Sachs Group reissued a “neutral” rating and issued a $100.00 price objective on shares of Walmart in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. UBS Group increased their price objective on shares of Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Finally, Stephens set a $115.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Eighteen research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Walmart has an average rating of “Buy” and a consensus price target of $102.83.
Shares of WMT opened at $97.15 on Thursday. The stock has a market capitalization of $286.05 billion, a PE ratio of 21.98, a P/E/G ratio of 3.46 and a beta of 0.52. Walmart has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.
In other Walmart news, major shareholder Jim C. Walton sold 2,009,792 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the completion of the transaction, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. Company insiders own 51.11% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. bought a new stake in shares of Walmart in the 2nd quarter valued at $111,000. ELM Advisors LLC bought a new stake in shares of Walmart in the 3rd quarter valued at $152,000. MinichMacGregor Wealth Management LLC increased its stake in shares of Walmart by 56.0% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $165,000 after acquiring an additional 629 shares in the last quarter. Amussen Hunsaker Associates LLC acquired a new stake in Walmart in the 2nd quarter valued at $152,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Walmart in the 2nd quarter valued at $161,279,000. Hedge funds and other institutional investors own 29.37% of the company’s stock.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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