Walmart (NYSE:WMT) Price Target Cut to $150.00 by Analysts at Raymond James

Walmart (NYSE:WMTGet Rating) had its price objective trimmed by Raymond James from $165.00 to $150.00 in a research note published on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the retailer’s stock.

Several other equities analysts have also recently commented on WMT. BNP Paribas upgraded shares of Walmart from an underperform rating to a neutral rating and set a $136.00 target price for the company in a research note on Friday, February 11th. UBS Group set a $180.00 price target on Walmart in a research note on Tuesday, February 8th. Cowen reduced their price objective on Walmart from $175.00 to $165.00 in a research report on Monday, February 14th. Jefferies Financial Group set a $175.00 price objective on Walmart in a research report on Thursday, March 17th. Finally, DA Davidson lifted their price target on shares of Walmart from $168.00 to $171.00 and gave the stock a buy rating in a research note on Friday, April 8th. Eight investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $158.66.

Walmart stock opened at $122.43 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.28. Walmart has a fifty-two week low of $121.53 and a fifty-two week high of $160.77. The firm has a fifty day moving average price of $149.91 and a two-hundred day moving average price of $144.38. The firm has a market cap of $337.02 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 3.99 and a beta of 0.49.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings data 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). The business had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. Walmart had a return on equity of 20.42% and a net margin of 2.39%. Walmart’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 EPS. As a group, sell-side analysts expect that Walmart will post 6.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, December 8th. This represents a $2.24 annualized dividend and a yield of 1.83%. Walmart’s dividend payout ratio is currently 48.17%.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judith J. Mckenna sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $142.66, for a total value of $2,139,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,426,790 shares of company stock worth $195,406,267. Corporate insiders own 48.44% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Walmart in the 4th quarter valued at approximately $2,925,852,000. GQG Partners LLC bought a new position in Walmart in the fourth quarter valued at $1,507,971,000. Aaron Wealth Advisors LLC increased 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. lifted its position 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 in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Walmart by 393.5% during the 4th quarter. Nordea Investment Management AB now owns 3,153,219 shares of the retailer’s stock worth $450,752,000 after buying an additional 2,514,311 shares during the last quarter. Institutional investors and hedge funds 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.

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