Walmart (NYSE:WMT) PT Lowered to $175.00

Walmart (NYSE:WMT – Get Rating) had its price objective lowered by Guggenheim from $185.00 to $175.00 in a research note issued on Wednesday, The Fly reports. Guggenheim’s price objective suggests a potential upside of 33.23% from the stock’s previous close.

A number of other equities analysts have also commented on WMT. JPMorgan Chase & Co. set a $141.00 target price on shares of Walmart in a research report on Tuesday. Raymond James dropped their price objective on shares of Walmart from $165.00 to $150.00 in a research note on Wednesday. StockNews.com began coverage on shares of Walmart in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Royal Bank of Canada dropped their price objective on shares of Walmart from $160.00 to $153.00 in a research note on Wednesday. Finally, Exane BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating in a research note on Friday, February 11th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $164.52.

Shares of NYSE:WMT opened at $131.35 on Wednesday. The firm has a market cap of $361.58 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. The firm’s 50 day simple moving average is $150.31 and its 200-day simple moving average is $144.54. Walmart has a one year low of $130.64 and a one year high of $160.77. 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 (NYSE:WMT – Get Rating) last issued its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The company had revenue of $141.60 billion for the quarter, compared to analysts’ expectations of $138.05 billion. Walmart had a return on equity of 20.42% and a net margin of 2.39%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. Equities research analysts predict that Walmart will post 6.75 EPS for the current fiscal year.

In related news, EVP John R. Furner sold 15,100 shares of the firm’s stock in a transaction on Friday, February 18th. The shares were sold at an average price of $138.07, for a total transaction of $2,084,857.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The stock was 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 have sold 1,426,790 shares of company stock valued at $195,406,267 over the last quarter. Insiders own 48.44% of the company’s stock.

Several institutional investors have recently modified their holdings of WMT. Cordant Inc. purchased a new position in shares of Walmart during the first quarter worth $25,000. Conrad Siegel Investment Advisors Inc. purchased a new position in Walmart in the first quarter valued at $27,000. Industrial Alliance Investment Management Inc. purchased a new position in Walmart in the fourth quarter valued at $28,000. Ulland Investment Advisors LLC increased its holdings in Walmart by 442.9% in the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after buying an additional 155 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Walmart in the first quarter valued at $28,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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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