Walmart (NYSE:WMT) Price Target Cut to $95.00 by Analysts at Oppenheimer

Walmart (NYSE:WMT - Get Free Report) had its price target decreased by Oppenheimer from $110.00 to $95.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the retailer's stock. Oppenheimer's price target would suggest a potential upside of 2.36% from the company's previous close.

Other analysts have also issued reports about the stock. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Citigroup restated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

Walmart Trading Up 2.4 %

Walmart stock traded up $2.20 during midday trading on Monday, reaching $92.81. The stock had a trading volume of 25,491,591 shares, compared to its average volume of 17,636,254. Walmart has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $744.03 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69. The firm's fifty day simple moving average is $92.43 and its two-hundred day simple moving average is $89.88.

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

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock valued at $16,785,080 in the last quarter. Corporate insiders own 45.58% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. World Investment Advisors increased its position in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after buying an additional 599,257 shares in the last quarter. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its position in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after acquiring an additional 18,263 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

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.