Walmart (NYSE:WMT) Price Target Lowered to $91.00 at Stifel Nicolaus

Walmart (NYSE:WMT - Get Free Report) had its price objective lowered by equities research analysts at Stifel Nicolaus from $93.00 to $91.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the retailer's stock. Stifel Nicolaus' price objective suggests a potential downside of 3.37% from the stock's current price.

WMT has been the topic of a number of other reports. Oppenheimer lowered their price objective on Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Piper Sandler increased their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Walmart from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. UBS Group reissued a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Finally, Truist Financial raised their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.58.

Walmart Stock Performance

Walmart stock traded up $1.37 during mid-day trading on Wednesday, reaching $94.17. The company had a trading volume of 11,658,197 shares, compared to its average volume of 17,636,153. 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 firm has a market cap of $754.95 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 4.42 and a beta of 0.69. The company has a 50 day moving average of $92.43 and a 200-day moving average of $89.95. Walmart has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. On average, sell-side analysts expect that Walmart will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walmart

Several large investors have recently modified their holdings of WMT. Whelan Financial boosted its holdings in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares in the last quarter. Coyle Financial Counsel LLC grew its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after acquiring an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. raised its stake in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the period. Finally, Blackston Financial Advisory Group LLC increased its stake in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after purchasing an additional 106 shares during the period. 26.76% of the stock is currently 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.