Walmart (NYSE:WMT) PT Lowered to $161.00 at Morgan Stanley

Walmart (NYSE:WMTGet Rating) had its price target cut by Morgan Stanley from $164.00 to $161.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the retailer’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. set a $155.00 target price on shares of Walmart in a report on Wednesday, November 16th. Telsey Advisory Group increased their target price on shares of Walmart from $160.00 to $165.00 and gave the company an outperform rating in a research report on Wednesday, November 16th. Atlantic Securities increased their target price on shares of Walmart from $150.00 to $165.00 in a research report on Thursday, December 1st. Royal Bank of Canada set a $163.00 target price on shares of Walmart in a research report on Friday, January 13th. Finally, StockNews.com initiated coverage on shares of Walmart in a research report on Wednesday, October 12th. They issued a strong-buy rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $160.42.

Walmart Stock Performance

NYSE:WMT opened at $144.41 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. The firm has a market capitalization of $389.44 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 4.35 and a beta of 0.54. The company’s 50-day moving average is $146.51 and its two-hundred day moving average is $137.68. Walmart has a 1-year low of $117.27 and a 1-year high of $160.77.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, topping the consensus estimate of $1.32 by $0.18. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The firm had revenue of $152.80 billion for the quarter, compared to analyst estimates of $146.80 billion. During the same period in the prior year, the business posted $1.45 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts forecast that Walmart will post 6.08 EPS for the current year.

Walmart declared that its board has authorized a stock buyback plan on Tuesday, November 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Walmart

In other news, Director S Robson Walton sold 493,782 shares of Walmart stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $152.55, for a total transaction of $75,326,444.10. Following the completion of the sale, the director now directly owns 274,138,135 shares in the company, valued at $41,819,772,494.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $141.18, for a total transaction of $1,370,575.44. Following the completion of the sale, the chief executive officer now directly owns 1,478,337 shares in the company, valued at $208,711,617.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 493,782 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $152.55, for a total transaction of $75,326,444.10. Following the completion of the sale, the director now owns 274,138,135 shares of the company’s stock, valued at $41,819,772,494.25. The disclosure for this sale can be found here. In the last three months, insiders sold 8,831,902 shares of company stock worth $1,312,822,421. 47.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Institutional investors have recently bought and sold shares of the stock. My Personal CFO LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $25,000. Bellwether Advisors LLC grew its holdings in Walmart by 112.0% in the third quarter. Bellwether Advisors LLC now owns 212 shares of the retailer’s stock valued at $27,000 after purchasing an additional 112 shares during the period. JDM Financial Group LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $28,000. WD Rutherford LLC purchased a new stake in Walmart in the second quarter valued at approximately $29,000. Finally, Lipe & Dalton purchased a new stake in Walmart in the third quarter valued at approximately $29,000. 31.27% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Company Profile

(Get Rating)

Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

See Also

Analyst Recommendations for Walmart (NYSE:WMT)

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