Walmart (NYSE:WMT) PT Lowered to $166.00

Walmart (NYSE:WMTGet Rating) had its price objective cut by equities research analysts at Citigroup from $171.00 to $166.00 in a research report issued on Wednesday, Briefing.com reports. The firm currently has a “buy” rating on the retailer’s stock. Citigroup’s price objective indicates a potential upside of 32.33% from the stock’s current price.

A number of other research analysts have also weighed in on WMT. Royal Bank of Canada decreased their target price on Walmart from $160.00 to $153.00 and set an “outperform” rating on the stock in a report on Wednesday. Jefferies Financial Group decreased their target price on Walmart from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Cowen dropped their target price on Walmart from $175.00 to $165.00 in a research report on Monday, February 14th. JPMorgan Chase & Co. set a $141.00 price target on Walmart in a research note on Tuesday. Finally, DA Davidson lifted their target price on Walmart from $168.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, April 8th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $159.76.

NYSE:WMT traded down $5.91 during trading hours on Wednesday, hitting $125.44. 382,001 shares of the stock were exchanged, compared to its average volume of 7,040,231. The company’s 50 day moving average is $150.31 and its two-hundred day moving average is $144.54. 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 has a market capitalization of $345.31 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. Walmart has a twelve month low of $130.64 and a twelve month high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a return on equity of 20.42% and a net margin of 2.39%. The firm had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same quarter last year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Walmart will post 6.75 EPS for the current year.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 1,536,571 shares in the company, valued at approximately $237,261,928.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the stock in a transaction on Wednesday, March 2nd. The shares were 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. In the last 90 days, insiders sold 1,426,790 shares of company stock valued at $195,406,267. 48.44% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at $2,925,852,000. GQG Partners LLC acquired a new position in Walmart in the 4th quarter worth approximately $1,507,971,000. Aaron Wealth Advisors LLC grew its stake in Walmart by 14,883.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock valued at $21,651,000 after buying an additional 3,202,747 shares during the last quarter. Invesco Ltd. grew its stake in 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 during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Walmart by 393.5% in the 4th quarter. Nordea Investment Management AB now owns 3,153,219 shares of the retailer’s stock valued at $450,752,000 after acquiring an additional 2,514,311 shares during the last quarter. Hedge funds and other 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.

Further Reading

Analyst Recommendations for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.