Walmart (WMT) Received its Third Buy in a Row

After Deutsche Bank and Citigroup gave Walmart (NYSE: WMT) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst Simeon Gutman maintained a Buy rating on Walmart today and set a price target of $135.00. The company’s shares closed last Thursday at $122.21.

According to, Gutman is a 2-star analyst with an average return of 0.0% and a 53.5% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Bj’s Wholesale Club Holdings, and National Vision Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Walmart with a $131.82 average price target, which is a 7.1% upside from current levels. In a report issued on April 21, Oppenheimer also maintained a Buy rating on the stock with a price target.

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Based on Walmart’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $142 billion and net profit of $4.14 billion. In comparison, last year the company earned revenue of $139 billion and had a net profit of $3.69 billion.

Based on the recent corporate insider activity of 158 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.

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Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam’s Club segment comprises membership-only warehouse clubs and The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.