Finally Time To Cut Your Stake? Wolfe Research Downgrades Wal-Mart (NYSE:WMT) Shares

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Investors sentiment decreased to 0.99 in Q4 2018. Its down 0.03, from 1.02 in 2018Q3. It dropped, as 62 investors sold Walmart Inc. shares while 534 reduced holdings. 137 funds opened positions while 452 raised stakes. 846.95 million shares or 2.31% more from 827.80 million shares in 2018Q3 were reported.

First Tru Advisors Ltd Partnership owns 0.07% invested in Walmart Inc. (NYSE:WMT) for 311,721 shares. Northpointe Cap Ltd Liability reported 0.68% of its portfolio in Walmart Inc. (NYSE:WMT). Van Cleef Asset Managementinc has 0.06% invested in Walmart Inc. (NYSE:WMT) for 2,500 shares. Mason Street Advsr Ltd Company accumulated 200,703 shares. Oppenheimer And Co holds 0.31% or 105,985 shares in its portfolio. Janney Montgomery Scott Limited Liability Corp has invested 0.39% in Walmart Inc. (NYSE:WMT). Grisanti Cap Mngmt Limited Liability Corporation owns 19,692 shares. Gulf International Bankshares (Uk) Limited reported 345,799 shares. Moreover, Charter has 0.55% invested in Walmart Inc. (NYSE:WMT) for 44,715 shares. Cap Counsel Ltd Liability Corp New York invested 0.03% in Walmart Inc. (NYSE:WMT). Willingdon Wealth Management has 0.01% invested in Walmart Inc. (NYSE:WMT) for 363 shares. Acg Wealth stated it has 25,615 shares or 0.37% of all its holdings. Amica Pension Fund Board Of Trustees reported 48,674 shares. Moreover, State Of Tennessee Treasury Department has 0.55% invested in Walmart Inc. (NYSE:WMT) for 1.09M shares. State Street Corp reported 67.36M shares.

Since November 16, 2018, it had 0 insider buys, and 28 selling transactions for $3.12 billion activity. 2.90 million shares valued at $280.34 million were sold by WALTON ALICE L on Friday, November 16. WALTON S ROBSON sold $46.19 million worth of stock. On Monday, November 19 the insider Canney Jacqueline P sold $394,347.

Wal-Mart (NYSE:WMT) Receives a Downgrade

Wolfe Research downgraded the rating for shares of Wal-Mart (NYSE:WMT) to a”Underperform” from a “Peer Perform”. This rating change was released in a research note earlier today.

Walmart Inc. (NYSE:WMT) Ratings Coverage

Among 16 analysts covering Walmart (NYSE:WMT), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Walmart has $120 highest and $102 lowest target. $111.27’s average target is 10.40% above currents $100.79 stock price. Walmart had 25 analyst reports since November 16, 2018 according to SRatingsIntel. Daiwa Securities maintained the stock with “Hold” rating in Friday, February 22 report. The stock of Walmart Inc. (NYSE:WMT) has “Buy” rating given on Tuesday, February 19 by Jefferies. The firm earned “Buy” rating on Friday, November 16 by Citigroup. The firm has “Buy” rating given on Thursday, February 21 by Citigroup. The firm earned “Buy” rating on Tuesday, February 19 by BMO Capital Markets. Guggenheim maintained Walmart Inc. (NYSE:WMT) on Tuesday, February 19 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $120 target in Tuesday, February 19 report. The firm has “Hold” rating given on Wednesday, February 20 by Credit Suisse. Citigroup maintained the stock with “Buy” rating in Monday, April 1 report. The rating was maintained by Oppenheimer with “Hold” on Tuesday, February 19.

The stock decreased 0.50% or $0.51 during the last trading session, reaching $100.79. About 3.28 million shares traded. Walmart Inc. (NYSE:WMT) has risen 9.85% since May 8, 2018 and is uptrending. It has outperformed by 5.48% the S&P500.

Analysts await Walmart Inc. (NYSE:WMT) to report earnings on May, 16 before the open. They expect $1.02 EPS, down 10.53 % or $0.12 from last year’s $1.14 per share. WMT’s profit will be $2.92 billion for 24.70 P/E if the $1.02 EPS becomes a reality. After $1.41 actual EPS reported by Walmart Inc. for the previous quarter, Wall Street now forecasts -27.66 % negative EPS growth.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company has market cap of $288.98 billion. It operates through three divisions: Walmart U.S., Walmart International, and SamÂ’s Club. It has a 44.6 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: Benzinga.com which released: “Amazon.com, Inc. (NASDAQ:AMZN), Wal-Mart Stores, Inc. (NYSE:WMT) – No Surprises: Fed Leaves Rates Unchanged Again, Citing Slow Inflation Picture – Benzinga” on May 01, 2019, also Seekingalpha.com with their article: “Walmart shifts to remodeling vs. new stores – Seeking Alpha” published on April 11, 2019, Seekingalpha.com published: “Bernstein confident on Walmart – Seeking Alpha” on May 03, 2019. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Benzinga.com and their article: “Wal-Mart Stores, Inc. (NYSE:WMT), Amazon.com, Inc. (NASDAQ:AMZN) – Today’s Pickup: Isuzu Introduces Craft Beer Truck Complete With Taps – Benzinga” published on April 09, 2019 as well as Fool.com‘s news article titled: “Are Walmart’s Robots a Threat to Its Workforce? – The Motley Fool” with publication date: April 12, 2019.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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