Stifel Nicolaus Lowers Walmart (NYSE:WMT) Price Target to $93.00

Walmart (NYSE:WMT - Get Free Report) had its target price dropped by Stifel Nicolaus from $99.00 to $93.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the retailer's stock. Stifel Nicolaus' price target points to a potential upside of 8.22% from the company's current price.

A number of other equities research analysts have also commented on the stock. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. upped their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $103.17.

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Walmart Trading Up 0.1 %

WMT traded up $0.13 during trading on Thursday, reaching $85.94. 26,766,982 shares of the company's stock were exchanged, compared to its average volume of 15,960,434. Walmart has a one year low of $58.56 and a one year 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 stock has a market capitalization of $688.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a fifty day moving average price of $95.19 and a two-hundred day moving average price of $89.12.

Walmart (NYSE:WMT - Get Free Report) last posted its 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, equities research analysts forecast that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company's 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 transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,777 shares of company stock worth $18,001,116. Company insiders own 45.58% of the company's stock.

Hedge Funds Weigh In On Walmart

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC increased its holdings in Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in Walmart in the 4th quarter worth approximately $5,737,355,000. FMR LLC increased its holdings in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. 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.