Credit Suisse Group Cuts Walmart (NYSE:WMT) Price Target to $155.00

Walmart (NYSE:WMTGet Rating) had its price objective cut by Credit Suisse Group to $155.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “na” rating on the retailer’s stock. Credit Suisse Group’s target price points to a potential upside of 26.98% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Evercore ISI lowered their price objective on Walmart from $140.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday. Cowen lowered their price target on Walmart from $175.00 to $165.00 in a research report on Monday, February 14th. Guggenheim cut their price objective on Walmart from $185.00 to $175.00 and set a “na” rating for the company in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Walmart from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Walmart from $141.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday. Eight analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $158.66.

WMT traded down $9.28 on Wednesday, hitting $122.07. 1,075,562 shares of the stock traded hands, compared to its average volume of 7,040,231. The business has a fifty day moving average price of $150.31 and a two-hundred day moving average price of $144.54. 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 firm has a market capitalization of $336.03 billion, a PE ratio of 25.01, a P/E/G ratio of 3.99 and a beta of 0.49. Walmart has a 52 week low of $130.64 and a 52 week high of $160.77.

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

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $154.41, for a total transaction of $1,499,012.28. Following the completion of the transaction, the chief executive officer now owns 1,536,571 shares in the company, valued at $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 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 sold 1,426,790 shares of company stock valued at $195,406,267 in the last quarter. 48.44% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Walmart in the fourth quarter worth about $2,925,852,000. GQG Partners LLC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $1,507,971,000. Aaron Wealth Advisors LLC increased its stake in Walmart by 14,883.3% during the 1st quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock worth $21,651,000 after purchasing an additional 3,202,747 shares in the last quarter. Invesco Ltd. raised its holdings in Walmart by 54.6% during the 3rd 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 period. Finally, Nordea Investment Management AB lifted its stake in Walmart by 393.5% in the fourth quarter. Nordea Investment Management AB now owns 3,153,219 shares of the retailer’s stock valued at $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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