Walmart (NASDAQ:WMT) Price Target Cut to $120.00 by Analysts at Wells Fargo & Company

Walmart (NASDAQ:WMT) had its price objective decreased by equities researchers at Wells Fargo & Company from $140.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the retailer’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 17.18% from the company’s previous close.

Several other analysts have also commented on WMT. BNP Paribas Exane lowered their price objective on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Gordon Haskett downgraded Walmart from a “buy” rating to an “accumulate” rating in a report on Thursday. Guggenheim set a $130.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday. Roth Capital restated a “buy” rating on shares of Walmart in a research note on Friday. Finally, KeyCorp restated an “overweight” rating on shares of Walmart in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $134.53.

Walmart Trading Down 1.4%

Walmart stock traded down $1.43 during mid-day trading on Friday, reaching $102.41. 15,752,879 shares of the company traded hands, compared to its average volume of 25,433,518. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. Walmart has a 52-week low of $95.42 and a 52-week high of $135.15. The firm has a market capitalization of $814.99 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 4.27 and a beta of 0.61. The firm’s 50 day moving average price is $113.69 and its 200 day moving average price is $121.39.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.62 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, analysts anticipate that Walmart will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the transaction, the director owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the transaction, the executive vice president owned 120,203 shares of the company’s stock, valued at $14,300,550.91. The trade was a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,164 shares of company stock valued at $6,389,402. 0.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently added to or reduced their stakes in WMT. MFA Wealth Services increased its position in Walmart by 0.7% in the 1st quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock valued at $1,356,000 after acquiring an additional 80 shares in the last quarter. Realta Investment Advisors grew its stake in shares of Walmart by 2.0% during the first quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after purchasing an additional 81 shares during the last quarter. Compton Financial Group LLC increased its holdings in shares of Walmart by 4.1% in the first quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock valued at $259,000 after purchasing an additional 82 shares in the last quarter. Renaissance Group LLC raised its position in Walmart by 0.9% in the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after purchasing an additional 83 shares during the last quarter. Finally, Calton & Associates Inc. lifted its holdings in Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after buying an additional 84 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted EPS of $0.81 versus the $0.74 consensus and revenue of $187.94 billion versus $186.62 billion expected. Revenue increased 5.9% year over year, while global e-commerce rose 23%, advertising revenue grew 38% and membership revenue increased 17%. Walmart earnings report
• Positive Sentiment: Management raised its full-year fiscal 2027 outlook and expects to use approximately $2.9 billion in tariff refunds to help lower prices beginning in the third quarter. The move could support customer traffic and Walmart’s value proposition, although it may limit near-term margins. Walmart tariff refund and price cuts
• Positive Sentiment: Analysts remain broadly constructive: RBC lowered its target from $137 to $131 while retaining an “outperform” rating; BTIG cut its target to $140 but kept a “buy” rating; and Baird reduced its target to $120 while maintaining “outperform.” These targets imply substantial upside from the current quote. RBC Walmart price target
• Neutral Sentiment: Walmart’s e-commerce, marketplace, membership and advertising businesses are increasingly driving growth, while traditional store sales are losing momentum. This supports long-term diversification but highlights pressure on the core U.S. consumer business. Walmart sales growth drivers
• Negative Sentiment: U.S. comparable sales rose only 2.6%, below estimates near 3.5% and the weakest growth in more than six years. Management’s third-quarter outlook of $0.62–$0.64 EPS and $183.1–$184.5 billion in revenue also fell short of consensus, intensifying concerns about pressured consumers and Walmart’s premium valuation. Reuters Walmart comparable-sales miss

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.