Confidence in Walmart (NYSE:WMT) Shares by Gordon Haskett Fall

Walmart's US e-commerce growth rebounds in Q1

Walmart's US e-commerce growth rebounds in Q1

However consumer traffic growth during this year's first quarter was lower than last year's - in the first quarter of this year consumer traffic growth was 0.8% compared to last year's 1.5%. Dimensional Fund Advisors LP grew its holdings in Walmart by 1.5% during the 3rd quarter. Two Sigma Advisers LP now owns 1,622,473 shares of the retailer's stock worth $160,219,000 after purchasing an additional 693,899 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Walmart by 43.5% in the 4th quarter.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

US first-quarter same-store sales rose 2.1% at the company's supercenter and discount stores, and comparable-store traffic rose 0.8%.

CFRA's Joseph Agnese reiterated a Buy rating and a $109 price target on the shares, writing that despite the weather impact, he's encouraged by management commentary that sales are picking up with warmer temperatures. The rating was maintained by Credit Suisse on Tuesday, May 1 with "Hold". (NYSE:WMT) for 24,361 shares.

Walmart opened at $84.49 on Monday, according to Marketbeat.com. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46.

The company P/E (price to earnings) ratio is 26.9 and Forward P/E ratio is 16.65.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 17th. On an adjusted basis, which excludes some changes in accounting rules, the company brought in $1.14 a share, above the $1.12 expected by analysts polled by Thomson Reuters. The Return on Equity ratio of Wal-Mart Stores Inc. Group revenues reached $121.68 billion equal to a 4.4% increase over the same period one year ago and topping Wall Street expectations of over $120.5 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. This represents a $2.08 annualized dividend and a yield of 2.46%. Pinnacle Wealth Planning Services Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $105,000.

Several analysts have issued reports on the company. Walmart Inc., formerly known as Wal-Mart Stores, Inc., is headquartered in Bentonville, Arkansas. Gordon Haskett cut Walmart from a "buy" rating to an "accumulate" rating and set a $90.00 price objective on the stock.in a research note on Thursday. Royal Bank of Canada set a $106.00 price objective on Walmart and gave the stock a "neutral" rating in a report on Friday, January 5th. Stifel Nicolaus has "Hold" rating and $99.0 target.

Sell side analysts plays vital role in buying and selling a stock where 2 analysts rated Wal-Mart Stores Inc. Walmart presently has a consensus rating of "Buy" and an average target price of $98.71.

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