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

Walmart (NYSE:WMT - Get Free Report) had its target price cut by equities research analysts at Evercore ISI from $67.00 to $66.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the retailer's stock. Evercore ISI's price objective points to a potential upside of 10.28% from the stock's current price.

WMT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $62.00 to $63.33 and gave the company a "buy" rating in a research note on Friday, February 16th. Oppenheimer lowered their price objective on shares of Walmart to $67.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Stifel Europe boosted their price objective on shares of Walmart from $56.33 to $58.33 in a research note 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. Finally, Tigress Financial upped their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.54.

Walmart Trading Down 0.1 %

WMT traded down $0.08 during trading on Tuesday, hitting $59.85. The company's stock had a trading volume of 14,721,752 shares, compared to its average volume of 19,248,932. The firm's 50 day moving average price is $59.39 and its 200-day moving average price is $55.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The stock has a market cap of $482.27 billion, a PE ratio of 31.28, a PEG ratio of 3.93 and a beta of 0.49. Walmart has a twelve month low of $48.34 and a twelve month high of $61.65.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company had revenue of $173.40 billion during the quarter, compared to analysts' expectations of $170.85 billion. During the same period in the previous year, the company earned $0.57 EPS. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that Walmart will post 2.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Director S Robson Walton sold 14,685,327 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the sale, the director now owns 656,397,261 shares in the company, valued at $38,473,631,458.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director S Robson Walton sold 14,685,327 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the sale, the director now owns 656,397,261 shares in the company, valued at $38,473,631,458.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $53.54, for a total transaction of $1,559,298.96. Following the sale, the chief executive officer now owns 4,274,475 shares in the company, valued at approximately $228,855,391.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,032,265 shares of company stock worth $1,696,559,224 over the last quarter. 46.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Several large investors have recently made changes to their positions in the company. MCF Advisors LLC increased its stake in shares of Walmart by 188.1% in the first quarter. MCF Advisors LLC now owns 17,470 shares of the retailer's stock valued at $1,054,000 after purchasing an additional 11,407 shares during the period. Searcy Financial Services Inc. ADV increased its stake in shares of Walmart by 200.1% in the first quarter. Searcy Financial Services Inc. ADV now owns 3,832 shares of the retailer's stock valued at $231,000 after purchasing an additional 2,555 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Walmart by 201.2% in the first quarter. Toth Financial Advisory Corp now owns 147,449 shares of the retailer's stock valued at $8,872,000 after purchasing an additional 98,500 shares during the period. Trust Co. of Virginia VA increased its stake in shares of Walmart by 199.8% in the first quarter. Trust Co. of Virginia VA now owns 36,960 shares of the retailer's stock valued at $2,224,000 after purchasing an additional 24,633 shares during the period. Finally, Trifecta Capital Advisors LLC increased its stake in shares of Walmart by 211.4% in the first quarter. Trifecta Capital Advisors LLC now owns 45,281 shares of the retailer's stock valued at $2,725,000 after purchasing an additional 30,741 shares during the period. 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.