Walmart (WMT) Gets a Buy from Bernstein

Bernstein analyst Zhihan Ma maintained a Buy rating on Walmart today and set a price target of $145.00.

TipRanks Welcomes a New ETF – NYSE:RANK

• TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
• RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

According to TipRanks, Ma is a 3-star analyst with an average return of 3.3% and a 48.42% success rate. Ma covers the Consumer Defensive sector, focusing on stocks such as Walmart, Target, and Dollar General.

Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $142.08.

Based on Walmart’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $177.75 billion and a net profit of $5.65 billion. In comparison, last year the company earned a revenue of $165.61 billion and had a net profit of $4.49 billion

Based on the recent corporate insider activity of 230 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. Last month, Walton Family Holdings Trust, a Major Shareholder at WMT sold 4,424,704.00 shares for a total of $535,767,823.40.