Walmart (NYSE:WMT) Given New $105.00 Price Target at Raymond James

Walmart (NYSE:WMT - Get Free Report) had its price target lowered by stock analysts at Raymond James from $115.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the retailer's stock. Raymond James' price objective points to a potential upside of 10.88% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI reduced their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.58.

Walmart Trading Down 0.0 %

Shares of Walmart stock traded down $0.03 during trading on Friday, hitting $94.70. 9,821,636 shares of the company were exchanged, compared to its average volume of 17,668,179. 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 capitalization of $759.20 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm's fifty day moving average price is $92.27 and its 200 day moving average price is $90.06. Walmart has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts expect that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the 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 transaction, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock valued at $16,785,080 in the last three months. 45.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC raised its stake 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 in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors.

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.