Walmart (WMT) Given New $115.00 Price Target at Citigroup

Walmart (NYSE:WMT) had its price target lowered by analysts at Citigroup from $120.00 to $115.00 in a research note issued on Monday, April 1st, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the retailer’s stock. Citigroup‘s target price would suggest a potential upside of 13.27% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group restated a “neutral” rating and set a $103.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Barclays restated a “buy” rating and set a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Morgan Stanley set a $113.00 price objective on shares of Walmart and gave the company an “overweight” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $108.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have issued a buy rating to the company. Walmart presently has an average rating of “Hold” and a consensus target price of $105.82.

Shares of WMT traded down $1.99 on Monday, reaching $101.53. 7,958,613 shares of the company’s stock were exchanged, compared to its average volume of 7,084,665. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market cap of $305.33 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 4.74 and a beta of 0.34. Walmart has a 12 month low of $81.78 and a 12 month high of $106.21.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.08. The business had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. Walmart’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, analysts expect that Walmart will post 4.75 EPS for the current year.

In other Walmart news, EVP Jacqueline P. Canney sold 980 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total transaction of $97,049.40. Following the sale, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at $5,405,849.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Chojnowski sold 2,000 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $97.17, for a total transaction of $194,340.00. The disclosure for this sale can be found here. In the last three months, insiders sold 14,240,978 shares of company stock worth $1,406,078,670. 51.11% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Clarfeld Financial Advisors LLC bought a new position in shares of Walmart in the fourth quarter valued at about $25,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Walmart in the fourth quarter valued at about $26,000. Ironwood Financial llc bought a new position in shares of Walmart in the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC bought a new position in shares of Walmart in the fourth quarter valued at about $28,000. Finally, C J Advisory Inc bought a new position in shares of Walmart in the first quarter valued at about $29,000. 28.96% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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