Citigroup Cuts Walmart (NASDAQ:WMT) Price Target to $132.00

Walmart (NASDAQ:WMT) had its target price cut by Citigroup from $147.00 to $132.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

WMT has been the topic of a number of other reports. Evercore set a $125.00 target price on Walmart in a research report on Friday. Oppenheimer cut Walmart from a “market perform” rating to a “cautious” rating in a research note on Wednesday. UBS Group decreased their price target on shares of Walmart from $141.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets restated an “outperform” rating and issued a $126.00 price target on shares of Walmart in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Walmart from $137.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Walmart Price Performance

Shares of Walmart stock opened at $103.70 on Friday. Walmart has a 1-year low of $95.42 and a 1-year high of $135.15. The company has a market capitalization of $825.25 billion, a PE ratio of 37.44, a P/E/G ratio of 3.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The business has a 50-day moving average of $113.35 and a 200-day moving average of $121.24.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, equities analysts forecast that Walmart will post 2.86 EPS for the current fiscal year.

Insider Activity

In related news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the sale, the director owned 4,174,579 shares in the company, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $106.34, for a total transaction of $308,386.00. Following the completion of the transaction, the executive vice president directly owned 569,153 shares in the company, valued at $60,523,730.02. This represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,064 shares of company stock valued at $6,697,788 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds have recently made changes to their positions in WMT. Tanager Wealth Management LLP boosted its position in Walmart by 11.9% during the 2nd quarter. Tanager Wealth Management LLP now owns 5,260 shares of the retailer’s stock valued at $596,000 after purchasing an additional 560 shares during the period. Trans Canada Capital Inc. acquired a new stake in Walmart in the second quarter worth $19,584,000. Ameritas Advisory Services LLC increased its position in Walmart by 78.0% in the second quarter. Ameritas Advisory Services LLC now owns 140,738 shares of the retailer’s stock worth $15,940,000 after buying an additional 61,651 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Walmart by 20.8% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,367 shares of the retailer’s stock valued at $381,000 after buying an additional 579 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in Walmart by 5.4% in the second quarter. Wedmont Private Capital now owns 80,835 shares of the retailer’s stock valued at $9,207,000 after buying an additional 4,171 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively. Revenue increased 5.9% year over year. Walmart earnings report
• Positive Sentiment: Growth businesses remain strong: global e-commerce sales rose 23%, advertising revenue increased 38%, and global membership revenue grew 17%. These trends support the long-term investment case despite slower core-store growth. Walmart second-quarter highlights
• Positive Sentiment: Walmart plans to use approximately $2.9 billion in tariff refunds to help lower prices, potentially strengthening its value proposition as consumers become more budget-conscious. The rollout of tap-to-pay, including Apple Pay and Google Pay, may also improve checkout convenience. Walmart tap to pay rollout
• Neutral Sentiment: Several analysts retained bullish ratings—including buy, outperform, and overweight—but lowered price targets after the earnings release. New targets range from $120 to $140, indicating analysts still see meaningful upside but have moderated their expectations.
• Negative Sentiment: U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart’s weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.
• Negative Sentiment: Third-quarter guidance fell short of consensus: Walmart projected adjusted EPS of $0.62–$0.64 versus $0.68 expected and revenue of $183.1–$184.5 billion versus $188.2 billion expected. The timing of Flipkart’s promotional event is also expected to reduce quarterly sales growth by more than 100 basis points.
• Negative Sentiment: The stock’s elevated valuation increases sensitivity to any slowdown, while higher energy costs and consumer trade-offs are raising broader concerns about the health of U.S. retail spending.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.