Walmart (NYSE:WMT) Given New $150.00 Price Target at Wells Fargo & Company

Walmart (NYSE:WMTGet Rating) had its price objective dropped by investment analysts at Wells Fargo & Company from $165.00 to $150.00 in a research note issued on Tuesday, The Fly reports. Wells Fargo & Company‘s price objective would indicate a potential upside of 13.95% from the company’s current price.

Several other analysts also recently commented on WMT. Deutsche Bank Aktiengesellschaft dropped their price objective on Walmart from $184.00 to $181.00 in a research note on Monday. Jefferies Financial Group set a $175.00 price target on Walmart in a research note on Thursday, March 17th. Exane BNP Paribas raised Walmart from an “underperform” rating to a “neutral” rating in a research note on Friday, February 11th. StockNews.com started coverage on Walmart in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, UBS Group set a $180.00 price target on Walmart in a research note on Tuesday, February 8th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $165.83.

Walmart stock traded down $16.57 during mid-day trading on Tuesday, hitting $131.64. 1,841,389 shares of the company’s stock were exchanged, compared to its average volume of 7,040,231. The firm has a market capitalization of $362.38 billion, a P/E ratio of 26.98, a PEG ratio of 3.99 and a beta of 0.49. Walmart has a fifty-two week low of $132.01 and a fifty-two week high of $160.77. The company has a quick ratio of 0.28, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $150.47 and its 200-day simple moving average is $144.63.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). The business had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. Walmart had a return on equity of 20.42% and a net margin of 2.39%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 EPS. Research analysts expect that Walmart will post 6.75 EPS for the current year.

In other Walmart news, EVP John R. Furner sold 15,100 shares of the company’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $138.07, for a total value of $2,084,857.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 1,167,433 shares of Walmart stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $136.20, for a total value of $159,004,374.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,426,790 shares of company stock worth $195,406,267. Corporate insiders own 48.44% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $286,000. Cordant Inc. bought a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Conrad Siegel Investment Advisors Inc. bought a new stake in shares of Walmart in the first quarter valued at approximately $27,000. Ulland Investment Advisors LLC grew its position in Walmart by 442.9% during the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 155 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in Walmart during the 1st quarter worth $29,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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