Walmart (NYSE:WMT) PT Lowered to $159.00

Walmart (NYSE:WMTGet Rating) had its price target reduced by analysts at MKM Partners to $159.00 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage presently has a “na” rating on the retailer’s stock. MKM Partners’ price objective would suggest a potential upside of 30.20% from the company’s current price.

Several other research firms have also weighed in on WMT. Exane BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating in a research note on Friday, February 11th. JPMorgan Chase & Co. dropped their price objective on shares of Walmart from $141.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday. Raymond James dropped their price objective on shares of Walmart from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday. Telsey Advisory Group dropped their price objective on shares of Walmart from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Truist Financial dropped their price objective on shares of Walmart from $150.00 to $139.00 and set a “na” rating on the stock in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus target price of $158.66.

Shares of Walmart stock traded down $9.23 during trading on Wednesday, reaching $122.12. The company had a trading volume of 1,093,035 shares, compared to its average volume of 7,040,231. The company has a market cap of $336.17 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. The firm’s fifty day moving average is $150.31 and its 200-day moving average is $144.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.93. Walmart has a fifty-two week low of $130.64 and a fifty-two week high of $160.77.

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 net margin of 2.39% and a return on equity of 20.42%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS. On average, research analysts anticipate that Walmart will post 6.75 EPS for the current fiscal year.

In other news, Director S Robson Walton sold 128,000 shares of the business’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $139.70, for a total value of $17,881,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $154.41, for a total value of $1,499,012.28. Following the completion of the sale, the chief executive officer now owns 1,536,571 shares in the company, valued at $237,261,928.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,790 shares of company stock worth $195,406,267. Corporate insiders own 48.44% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Eagle Capital Management LLC raised its holdings in Walmart by 2.3% during the second quarter. Eagle Capital Management LLC now owns 30,602 shares of the retailer’s stock worth $4,315,000 after acquiring an additional 682 shares in the last quarter. Morgan Stanley increased its position in Walmart by 1.6% during the second quarter. Morgan Stanley now owns 14,109,245 shares of the retailer’s stock worth $1,989,686,000 after buying an additional 225,224 shares during the last quarter. Keudell Morrison Wealth Management increased its position in Walmart by 4.1% during the third quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the retailer’s stock worth $641,000 after buying an additional 183 shares during the last quarter. Center for Financial Planning Inc. increased its position in Walmart by 5.7% during the third quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer’s stock worth $305,000 after buying an additional 118 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in Walmart by 12.8% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 57,673 shares of the retailer’s stock worth $8,039,000 after buying an additional 6,542 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

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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