Evercore ISI Lowers Walmart (NYSE:WMT) Price Target to $100.00

Walmart (NYSE:WMT - Get Free Report) had its price target dropped by research analysts at Evercore ISI from $107.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the retailer's stock. Evercore ISI's target price would suggest a potential upside of 17.24% from the stock's previous close.

WMT has been the topic of a number of other research reports. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a research report on Friday, February 28th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Buy" and a consensus price target of $103.20.

Walmart Stock Up 0.9 %

Shares of WMT stock traded up $0.79 on Tuesday, reaching $85.29. 35,480,004 shares of the company's stock traded hands, compared to its average volume of 15,990,792. Walmart has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business's 50 day moving average price is $95.74 and its two-hundred day moving average price is $88.62.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts forecast that Walmart will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. Norges Bank acquired a new stake in Walmart during the 4th quarter worth $5,737,355,000. FMR LLC raised its stake in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after buying an additional 1,133,201 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Company Profile

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.