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

by · The Cerbat Gem

Walmart (NYSE:WMT – Get Free Report) had its target price reduced by analysts at Evercore ISI from $107.00 to $100.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price target would indicate a potential upside of 12.83% from the company’s previous close.

Several other research firms also recently commented on WMT. UBS Group restated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial lifted their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target of $103.20.

Check Out Our Latest Stock Report on Walmart

Walmart Trading Up 0.9 %

Shares of NYSE WMT traded up $0.81 during trading on Tuesday, hitting $88.63. 10,285,867 shares of the company were exchanged, compared to its average volume of 15,718,147. Walmart has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market capitalization of $711.97 billion, a PE ratio of 36.77, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average price of $96.13 and a 200-day moving average price of $88.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities research analysts expect that Walmart will post 2.55 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at approximately $26,000. Horizon Financial Services LLC boosted its holdings in 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 purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at $27,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

(Get Free Report)

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.

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