Walmart (NYSE:WMT) Given New $66.00 Price Target at Evercore ISI

Walmart (NYSE:WMT) had its price objective cut by investment analysts at Evercore ISI from $67.00 to $66.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s target price points to a potential upside of 10.65% from the stock’s previous close.

A number of other research firms also recently issued reports on WMT. Morgan Stanley cut their target price on shares of Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Stifel Europe raised their price target on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Oppenheimer cut their price target on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $61.54.

Walmart Stock Down 0.3 %

WMT stock opened at $59.65 on Tuesday. Walmart has a 12-month low of $48.34 and a 12-month high of $61.65. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a market cap of $480.66 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.91 and a beta of 0.49. The company has a 50 day moving average of $59.45 and a two-hundred day moving average of $55.44.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Walmart will post 2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the sale, the director now directly owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the sale, the director now directly owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $54.30, for a total transaction of $712,687.50. Following the sale, the executive vice president now owns 780,726 shares in the company, valued at $42,393,421.80. The disclosure for this sale can be found here. Insiders have sold 29,032,265 shares of company stock worth $1,696,559,224 in the last ninety days. Insiders own 46.51% of the company’s stock.

Institutional Trading of Walmart

Institutional investors have recently made changes to their positions in the business. SeaTown Holdings Pte. Ltd. lifted its holdings in Walmart by 26.6% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after purchasing an additional 53,000 shares during the last quarter. Railway Pension Investments Ltd lifted its holdings in Walmart by 28.0% during the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock valued at $122,668,000 after purchasing an additional 167,800 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Walmart by 1.5% during the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock valued at $235,608,000 after purchasing an additional 21,899 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in Walmart by 51.8% during the 3rd quarter. Artemis Investment Management LLP now owns 346,705 shares of the retailer’s stock valued at $55,423,000 after purchasing an additional 118,267 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in Walmart by 34.8% during the 3rd quarter. Fiduciary Alliance LLC now owns 4,630 shares of the retailer’s stock valued at $740,000 after purchasing an additional 1,196 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.