Walmart (NYSE:WMT) Price Target Lowered to $93.00 at Stifel Nicolaus

by · The Markets Daily

Walmart (NYSE:WMT – Get Free Report) had its target price cut by research analysts at Stifel Nicolaus from $99.00 to $93.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.68% from the stock’s current price.

WMT has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Roth Mkm reiterated a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

View Our Latest Report on Walmart

Walmart Stock Up 0.9 %

Walmart stock opened at $86.36 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market cap of $693.80 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock’s 50 day moving average price is $95.45 and its 200 day moving average price is $88.92.

Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts predict that Walmart will post 2.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last three months. 45.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

(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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