Walmart (NYSE:WMT) Price Target Lowered to $66.00 at Evercore ISI

Walmart (NYSE:WMT) had its price target reduced by Evercore ISI from $67.00 to $66.00 in a report issued on Tuesday, Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus restated a hold rating on shares of Walmart in a report on Wednesday, March 13th. Morgan Stanley decreased their target price on Walmart to $66.67 and set an overweight rating for the company in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $62.00 to $63.33 and gave the stock a buy rating in a report on Friday, February 16th. Tigress Financial boosted their target price on Walmart from $65.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, March 13th. Finally, Telsey Advisory Group reiterated an outperform rating and set a $68.00 target price on shares of Walmart in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $61.54.

Walmart Stock Down 0.7 %

WMT opened at $59.24 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The stock has a market capitalization of $477.36 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The business has a 50-day moving average of $59.51 and a two-hundred day moving average of $55.47. Walmart has a 12 month low of $48.34 and a 12 month high of $61.65.

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

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 43.38%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $53.54, for a total value of $1,559,298.96. Following the completion of the sale, the chief executive officer now directly owns 4,274,475 shares in the company, valued at approximately $228,855,391.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $53.54, for a total value of $1,559,298.96. Following the completion of the sale, the chief executive officer now owns 4,274,475 shares of the company’s stock, valued at $228,855,391.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,032,265 shares of company stock valued at $1,696,559,224 in the last three months. Corporate insiders own 46.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Kozak & Associates Inc. grew its stake in Walmart by 1,490.0% during the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Walmart during the 3rd quarter worth $25,000. Northwest Capital Management Inc grew its stake in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new position in Walmart during the 4th quarter worth $30,000. Finally, Able Wealth Management LLC bought a new position in Walmart during the 4th quarter worth $30,000. 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.