Walmart (NYSE:WMT) Given New $107.00 Price Target at Evercore ISI

Walmart (NYSE:WMT - Get Free Report) had its price target lifted by analysts at Evercore ISI from $105.00 to $107.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the retailer's stock. Evercore ISI's target price indicates a potential upside of 9.39% from the company's current price.

A number of other analysts have also issued reports on WMT. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Roth Mkm reiterated a "buy" rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Raymond James dropped their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.16.

Walmart Trading Down 1.5%

Shares of WMT traded down $1.53 during mid-day trading on Wednesday, hitting $97.82. The company had a trading volume of 15,800,659 shares, compared to its average volume of 17,891,299. The business's 50-day simple moving average is $94.33 and its 200-day simple moving average is $93.67. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart has a 1-year low of $65.64 and a 1-year high of $105.30. The stock has a market cap of $782.64 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart will post 2.55 earnings per share for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

A number of hedge funds and other institutional investors have recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Operose Advisors LLC raised its position in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Bear Mountain Capital Inc. raised its position in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.