Walmart (NYSE:WMT) Price Target Cut to $66.00

Walmart (NYSE:WMT) had its price objective lowered by stock analysts at Evercore ISI from $67.00 to $66.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price target would suggest a potential upside of 10.65% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $68.00 price target on shares of Walmart in a report on Wednesday, March 27th. Tigress Financial increased their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley cut their price target on shares of Walmart to $66.67 and set an “overweight” rating for the company in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.54.

Walmart Stock Down 0.3 %

WMT stock opened at $59.65 on Tuesday. Walmart has a one year low of $48.34 and a one year high of $61.65. The stock has a market capitalization of $480.66 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The company has a fifty day moving average of $59.45 and a 200-day moving average of $55.44.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, topping 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 quarter last year, the business earned $0.57 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that Walmart will post 2.36 EPS for the current year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The sale was disclosed in a filing with the SEC, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the transaction, the insider now directly owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,032,265 shares of company stock valued at $1,696,559,224. Insiders own 46.51% of the company’s stock.

Institutional Trading of Walmart

Hedge funds have recently made changes to their positions in the company. Kozak & Associates Inc. raised its stake in shares of Walmart by 1,490.0% during the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Walmart during the third quarter valued at approximately $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.