Walmart (NYSE:WMT) Price Target Lowered to $66.00 at Evercore ISI

Walmart (NYSE:WMT) had its price objective lowered by research analysts at Evercore ISI from $67.00 to $66.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s target price suggests a potential upside of 9.60% from the company’s current price.

A number of other equities research analysts also recently weighed in on WMT. Telsey Advisory Group reissued an “outperform” rating and set a $68.00 target price on shares of Walmart in a research report on Wednesday, March 27th. Stifel Europe boosted their price target on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Morgan Stanley decreased their price target on Walmart to $66.67 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Finally, Tigress Financial lifted their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.54.

Walmart Stock Performance

WMT traded up $0.29 during midday trading on Tuesday, reaching $60.22. The company’s stock had a trading volume of 3,091,289 shares, compared to its average volume of 19,086,740. The stock has a market cap of $485.26 billion, a P/E ratio of 31.43, a PEG ratio of 3.93 and a beta of 0.49. The company has a fifty day simple moving average of $59.32 and a 200 day simple moving average of $55.37. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. Walmart has a twelve month low of $48.34 and a twelve month high of $61.65.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Research analysts expect that Walmart will post 2.36 earnings per share for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total value of $347,895,646.04. Following the sale, the insider now owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 345,000 shares of Walmart stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the completion of the sale, the insider now owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,032,265 shares of company stock worth $1,696,559,224. 46.51% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kozak & Associates Inc. boosted its holdings in shares of Walmart by 1,490.0% in the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Walmart in the third quarter valued at $25,000. Northwest Capital Management Inc grew its position in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth about $30,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.