Walmart (NYSE:WMT - Free Report) had its target price trimmed by Evercore ISI from $107.00 to $100.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the retailer's stock.
WMT has been the topic of a number of other research reports. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. KeyCorp increased their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $103.20.
Check Out Our Latest Research Report on WMT
Walmart Trading Down 0.4 %
NYSE:WMT opened at $87.44 on Tuesday. Walmart has a 52 week low of $58.56 and a 52 week high of $105.30. The firm has a 50 day moving average of $96.07 and a 200 day moving average of $88.61. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $702.40 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 4.42 and a beta of 0.53.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts anticipate that Walmart will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.
Insider Transactions at Walmart
In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart 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 approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart in the fourth quarter valued at approximately $5,737,355,000. FMR LLC grew its holdings in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
