Walmart (NYSE:WMT) Price Target Lowered to $165.00 at UBS Group

Walmart (NYSE:WMTGet Rating) had its price target dropped by UBS Group from $180.00 to $165.00 in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a “buy” rating on the retailer’s stock. UBS Group’s target price points to a potential upside of 31.54% from the company’s previous close.

Several other research firms have also recently weighed in on WMT. StockNews.com began coverage on Walmart in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on Walmart from $184.00 to $181.00 in a research report on Monday. Jefferies Financial Group cut their price target on Walmart from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their price target on Walmart from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Cowen cut their price target on Walmart from $175.00 to $165.00 in a research report on Monday, February 14th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $159.76.

Shares of NYSE:WMT traded down $5.91 during midday trading on Wednesday, reaching $125.44. 382,001 shares of the company’s stock were exchanged, compared to its average volume of 7,040,231. The firm’s 50 day simple moving average is $150.31 and its two-hundred day simple moving average is $144.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.28. The stock has a market cap of $345.31 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 3.99 and a beta of 0.49. Walmart has a fifty-two week low of $130.64 and a fifty-two week high of $160.77.

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

In related news, major shareholder Jim C. Walton sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $140.13, for a total value of $7,006,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total transaction of $159,004,374.60. The disclosure for this sale can be found here. Insiders sold a total of 1,426,790 shares of company stock valued at $195,406,267 over the last three months. 48.44% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of WMT. Norges Bank bought a new stake in shares of Walmart in the fourth quarter worth about $2,925,852,000. GQG Partners LLC bought a new stake in shares of Walmart in the fourth quarter worth about $1,507,971,000. Aaron Wealth Advisors LLC increased its holdings in shares of Walmart by 14,883.3% in the first quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock worth $21,651,000 after acquiring an additional 3,202,747 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Walmart by 54.6% during the third quarter. Invesco Ltd. now owns 7,529,531 shares of the retailer’s stock worth $1,049,467,000 after buying an additional 2,658,281 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Walmart by 393.5% during the fourth quarter. Nordea Investment Management AB now owns 3,153,219 shares of the retailer’s stock worth $450,752,000 after buying an additional 2,514,311 shares in the last quarter. 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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