Is Walmart (NYSE:WMT) In Trouble? Gordon Haskett Issues Downgrade.

May 17, 2018 - By Jeanette Kaplan

Walmart Inc. (NYSE:WMT) Logo

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.03, from 1.02 in 2017Q3. It dropped, as 68 investors sold Walmart Inc. shares while 541 reduced holdings. 165 funds opened positions while 435 raised stakes. 865.70 million shares or 1.77% less from 881.34 million shares in 2017Q3 were reported.

Kentucky-based Barr E S has invested 0.05% in Walmart Inc. (NYSE:WMT). Lincluden Mgmt Limited owns 49,443 shares for 0.34% of their portfolio. Calamos Lc holds 0.32% or 632,761 shares in its portfolio. New York-based Canandaigua Commercial Bank And Tru has invested 0.25% in Walmart Inc. (NYSE:WMT). Ing Groep Nv reported 0.36% stake. Horizon Invests Limited Liability Corporation has invested 0.12% of its portfolio in Walmart Inc. (NYSE:WMT). Stratos Wealth Ptnrs Ltd owns 24,814 shares. 32,900 are owned by Private Wealth Advisors. Green Valley Ltd Liability Corp owns 3.69% invested in Walmart Inc. (NYSE:WMT) for 783,404 shares. Foster Dykema Cabot Inc Ma invested 0.14% of its portfolio in Walmart Inc. (NYSE:WMT). Comgest Global Sas accumulated 946,300 shares. Edgar Lomax Co Va stated it has 883,392 shares. 39,386 are owned by Community Bankshares Na. Hussman Strategic Incorporated has 1.44% invested in Walmart Inc. (NYSE:WMT) for 51,100 shares. Rmb Capital Mgmt Limited Liability Company has 15,124 shares for 0.04% of their portfolio.

Since December 11, 2017, it had 0 buys, and 1 insider sale for $200,291 activity.

Walmart (NYSE:WMT) Receives a Downgrade

In a note revealed to investors and clients on 17 May, equity analysts at Gordon Haskett’s equity division decreased the rating for Walmart (NYSE:WMT) shares from the previous “Buy” to a “Accumulate”.

Walmart Inc. (NYSE:WMT) Ratings Coverage

Among 20 analysts covering Wal-Mart Stores (NYSE:WMT), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Wal-Mart Stores has $126.0 highest and $96 lowest target. $105.67’s average target is 25.07% above currents $84.49 stock price. Wal-Mart Stores had 26 analyst reports since November 20, 2017 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, November 29. As per Friday, January 12, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained Walmart Inc. (NYSE:WMT) rating on Tuesday, January 2. Robert W. Baird has “Buy” rating and $110.0 target. Morgan Stanley maintained Walmart Inc. (NYSE:WMT) rating on Monday, February 26. Morgan Stanley has “Equal-Weight” rating and $99 target. The rating was maintained by Susquehanna on Friday, February 16 with “Buy”. Tigress Financial maintained the stock with “Hold” rating in Thursday, December 7 report. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, January 18. The firm earned “Buy” rating on Tuesday, December 19 by Citigroup. RBC Capital Markets maintained it with “Hold” rating and $109.0 target in Monday, February 12 report. The firm has “Perform” rating given on Friday, March 2 by Oppenheimer.

The stock decreased 1.90% or $1.64 during the last trading session, reaching $84.49. About 29.72M shares traded or 147.92% up from the average. Walmart Inc. (NYSE:WMT) has risen 23.53% since May 18, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company has market cap of $249.46 billion. It operates through three divisions: Walmart U.S., Walmart International, and SamÂ’s Club. It has a 25.76 P/E ratio. The firm operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com, as well as mobile commerce applications.

More notable recent Walmart Inc. (NYSE:WMT) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on April 30, 2018, also Nasdaq.com with their article: “Add Walmart Inc Stock to Your Cart Before It’s Too Late” published on May 17, 2018, Seekingalpha.com published: “Walmart Inc. 2019 Q1 – Results – Earnings Call Slides” on May 17, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Benzinga.com and their article: “Benzinga Pro’s 5 Stocks To Watch Today” published on May 17, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Mark Zuckerberg, Chad Boeding, Iconiq, Epiq, Houston Rockets, Tilman Fertitta, RSM” with publication date: May 17, 2018.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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