Walmart (NYSE:WMT) PT Lowered to $177.00

Walmart (NYSE:WMT) had its price target lowered by stock analysts at Evercore ISI from $187.00 to $177.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price objective would indicate a potential upside of 13.94% from the stock’s current price.

Several other brokerages also recently issued reports on WMT. Tigress Financial increased their price objective on shares of Walmart from $182.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. StockNews.com began coverage on shares of Walmart in a research note on Thursday, October 5th. They issued a “strong-buy” rating for the company. Stephens lifted their price target on shares of Walmart from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Truist Financial lifted their price target on shares of Walmart from $168.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group lifted their price target on shares of Walmart from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $179.00.

Walmart Stock Down 0.4 %

Shares of NYSE:WMT opened at $155.35 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. Walmart has a 52-week low of $136.09 and a 52-week high of $169.94. The company has a 50 day moving average of $162.21 and a two-hundred day moving average of $157.82. The company has a market capitalization of $418.13 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The company had revenue of $160.80 billion during the quarter, compared to the consensus estimate of $159.65 billion. During the same quarter last year, the company earned $1.50 earnings per share. Walmart’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Walmart will post 6.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $162.40, for a total value of $1,576,579.20. Following the completion of the sale, the chief executive officer now owns 1,461,509 shares of the company’s stock, valued at $237,349,061.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total value of $708,750.00. Following the sale, the executive vice president now directly owns 269,119 shares in the company, valued at $43,597,278. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the completion of the sale, the chief executive officer now owns 1,461,509 shares in the company, valued at $237,349,061.60. The disclosure for this sale can be found here. Insiders sold 31,166 shares of company stock valued at $5,066,701 over the last 90 days. 46.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kozak & Associates Inc. raised its holdings in Walmart by 1,490.0% during the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after buying an additional 149 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Walmart during the 3rd quarter worth about $25,000. Sageworth Trust Co raised its holdings in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares during the period. NewSquare Capital LLC raised its holdings in Walmart by 58.3% during the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 70 shares during the period. Finally, PFG Private Wealth Management LLC acquired a new stake in Walmart during the 2nd quarter worth about $28,000. 33.18% of the stock is currently owned by institutional investors.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.