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

Walmart (NYSE:WMT - Get Free Report) had its target price cut by research analysts at Evercore ISI from $107.00 to $100.00 in a report issued 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 14.37% from the company's current price.

Several other research analysts have also commented on the company. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, Roth Mkm reiterated a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $103.20.

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Walmart Price Performance

WMT traded down $0.39 on Tuesday, hitting $87.44. 28,677,732 shares of the company's stock were exchanged, compared to its average volume of 15,795,300. Walmart has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $96.07 and a 200-day moving average price of $88.61. The stock has a market cap of $702.40 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $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 90 days. 45.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Anchor Pointe Wealth Management LLC purchased a new position in Walmart in the fourth quarter worth $535,000. Elite Financial Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $327,000. Wood Tarver Financial Group LLC purchased a new position in shares of Walmart in the fourth quarter valued at $566,000. TFR Capital LLC. purchased a new position in shares of Walmart in the fourth quarter valued at $338,000. Finally, Plotkin Financial Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at $218,000. 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.