Walmart (NYSE:WMT) Price Target Raised to $107.00 at Evercore ISI

Walmart (NYSE:WMT - Get Free Report) had its price target hoisted by equities research analysts at Evercore ISI from $105.00 to $107.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the retailer's stock. Evercore ISI's target price suggests a potential upside of 9.79% from the stock's current price.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $102.00 price target on shares of Walmart in a research note on Friday, May 16th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Finally, Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $105.16.

Walmart Price Performance

WMT traded down $0.50 during trading on Wednesday, reaching $97.46. 15,583,112 shares of the stock were exchanged, compared to its average volume of 17,891,416. Walmart has a 1 year low of $65.90 and a 1 year high of $105.30. The company has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business's 50 day moving average price is $94.71 and its two-hundred day moving average price is $93.88.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart will post 2.55 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 in the last quarter. Company insiders own 45.58% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the period. Operose Advisors LLC grew its holdings in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. grew its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $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.