Walmart (NYSE:WMT) Price Target Cut to $145.00 by Analysts at Morgan Stanley

Walmart (NYSE:WMTGet Rating) had its price target lowered by Morgan Stanley from $156.00 to $145.00 in a report issued on Tuesday, The Fly reports. The brokerage currently has a “maintains” rating on the retailer’s stock. Morgan Stanley’s target price points to a potential upside of 11.50% from the company’s current price.

A number of other research analysts also recently commented on WMT. Oppenheimer lowered their target price on Walmart from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday. Piper Sandler started coverage on Walmart in a report on Friday, July 22nd. They set a “neutral” rating and a $135.00 price target on the stock. DA Davidson increased their price target on Walmart from $168.00 to $171.00 and gave the company a “buy” rating in a report on Friday, April 8th. MKM Partners decreased their price target on Walmart to $159.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Finally, Telsey Advisory Group decreased their price target on Walmart from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Walmart Stock Up 2.7 %

Shares of NYSE:WMT traded up $3.45 during trading on Tuesday, hitting $130.04. The stock had a trading volume of 413,334 shares, compared to its average volume of 8,705,768. Walmart has a 12 month low of $117.27 and a 12 month high of $160.77. The company has a market capitalization of $356.46 billion, a PE ratio of 27.65, a PEG ratio of 3.75 and a beta of 0.52. The firm’s fifty day moving average is $124.39 and its 200 day moving average is $137.74. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMTGet Rating) last issued its 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 19.05% and a net margin of 2.26%. The business had revenue of $141.60 billion during the quarter, compared to analysts’ expectations of $138.05 billion. During the same period last year, the firm posted $1.69 EPS. Walmart’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts anticipate that Walmart will post 6.4 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total value of $1,185,638.04. Following the sale, the chief executive officer now directly owns 1,517,160 shares in the company, valued at $185,290,750.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 47.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

Several large investors have recently modified their holdings of the stock. Baltimore Washington Financial Advisors Inc. acquired a new position in Walmart during the fourth quarter worth $286,000. Cordant Inc. acquired a new stake in Walmart in the first quarter valued at $25,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of Walmart during the first quarter valued at $27,000. Ulland Investment Advisors LLC boosted its stake in shares of Walmart by 442.9% during the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Walmart during the first quarter valued at $29,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

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.

Read More

The Fly logo

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.