Jefferies Financial Group Lowers Walmart (NYSE:WMT) Price Target to $155.00

Walmart (NYSE:WMTGet Rating) had its price objective cut by Jefferies Financial Group from $175.00 to $155.00 in a research report issued on Wednesday, Briefing.com reports. The brokerage presently has a “buy” rating on the retailer’s stock. Jefferies Financial Group’s target price points to a potential upside of 23.57% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $160.00 target price on Walmart in a research report on Wednesday. Raymond James cut their target price on shares of Walmart from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of Walmart from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. UBS Group set a $180.00 price target on Walmart in a research note on Tuesday, February 8th. Finally, BNP Paribas raised Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price on the stock in a research note on Friday, February 11th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and an average price target of $159.76.

Shares of WMT stock traded down $5.91 on Wednesday, reaching $125.44. The company’s stock had a trading volume of 382,001 shares, compared to its average volume of 7,040,231. The company has a market capitalization of $345.31 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. Walmart has a 1 year low of $130.64 and a 1 year high of $160.77. The company has a current ratio of 0.93, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $150.31 and its 200-day simple moving average is $144.54.

Walmart (NYSE:WMTGet Rating) last issued its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The company had revenue of $141.60 billion during 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 firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.69 earnings per share. Equities research analysts forecast that Walmart will post 6.75 earnings per share for the current year.

In other Walmart news, EVP John R. Furner sold 15,100 shares of the stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $138.07, for a total transaction of $2,084,857.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $134.78, for a total value of $1,308,444.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,426,790 shares of company stock valued at $195,406,267. 48.44% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Trust Co. of Virginia VA increased its stake in Walmart by 0.4% in the first quarter. Trust Co. of Virginia VA now owns 14,848 shares of the retailer’s stock valued at $2,211,000 after acquiring an additional 64 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Walmart by 2.5% in the first quarter. Mayflower Financial Advisors LLC now owns 2,646 shares of the retailer’s stock valued at $394,000 after acquiring an additional 65 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in shares of Walmart by 1.4% during the 1st quarter. Integral Investment Advisors Inc. now owns 4,802 shares of the retailer’s stock valued at $715,000 after buying an additional 66 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in shares of Walmart by 2.2% in the 1st quarter. One Charles Private Wealth Services LLC now owns 3,086 shares of the retailer’s stock worth $460,000 after buying an additional 66 shares during the last quarter. Finally, KWB Wealth boosted its position in Walmart by 1.9% during the 3rd quarter. KWB Wealth now owns 3,722 shares of the retailer’s stock valued at $519,000 after buying an additional 68 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

About Walmart (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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