Shares of Walmart Inc. (NYSE:WMT – Get Free Report) traded down 0.2% during mid-day trading on Wednesday after Evercore ISI lowered their price target on the stock from $67.00 to $66.00. Evercore ISI currently has an outperform rating on the stock. Walmart traded as low as $59.78 and last traded at $59.84. 14,726,259 shares were traded during trading, an increase of 15% from the average session volume of 12,761,192 shares. The stock had previously closed at $59.93.
Several other brokerages have also issued reports on WMT. Stifel Europe lifted their price objective on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley cut their price target on shares of Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a report on Monday, February 19th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.54.
Get Our Latest Research Report on Walmart
Insider Buying and Selling at Walmart
Institutional Trading of Walmart
Institutional investors have recently added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC bought a new position in shares of Walmart during the third quarter worth about $25,000. Kozak & Associates Inc. grew its position in shares of Walmart by 1,490.0% during the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter worth about $32,000. Institutional investors own 26.76% of the company’s stock.
Walmart Stock Down 0.7 %
The firm’s 50-day moving average price is $59.51 and its 200 day moving average price is $55.47. The firm has a market cap of $477.36 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46.
Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business 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 company posted $0.57 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.36 earnings per share for the current year.
Walmart Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. Walmart’s dividend payout ratio is 43.38%.
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.
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