Evercore ISI Cuts Walmart (NYSE:WMT) Price Target to $177.00

Walmart (NYSE:WMT) had its price target cut by stock analysts at Evercore ISI from $187.00 to $177.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price objective points to a potential upside of 13.30% from the stock’s current price.

Several other equities analysts also recently issued reports on WMT. TD Cowen reaffirmed an “outperform” rating and set a $185.00 price target on shares of Walmart in a research note on Tuesday, September 5th. Wells Fargo & Company upped their price target on Walmart from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. The Goldman Sachs Group raised their price objective on Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. UBS Group upped their target price on Walmart from $173.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.18 during trading on Friday, hitting $156.22. 10,140,135 shares of the company were exchanged, compared to its average volume of 5,969,361. Walmart has a 1-year low of $136.09 and a 1-year high of $169.94. The company has a market capitalization of $420.48 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 3.50 and a beta of 0.53. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $162.38 and its 200-day moving average is $157.75.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $160.80 billion during the quarter, compared to the consensus estimate of $159.65 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Equities analysts forecast that Walmart will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $161.37, for a total value of $161,370.00. Following the sale, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the sale, the chief executive officer now owns 1,461,509 shares of the company’s stock, valued at approximately $237,349,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The disclosure for this sale can be found here. Insiders have sold a total of 31,166 shares of company stock worth $5,066,701 over the last ninety days. 46.51% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently modified their holdings of WMT. Authentikos Wealth Advisory LLC bought a new stake in Walmart in the third quarter valued at approximately $25,000. Kozak & Associates Inc. grew its stake in shares of Walmart by 1,490.0% in the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Sageworth Trust Co increased its holdings in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after purchasing an additional 169 shares during the period. PFG Private Wealth Management LLC bought a new position in Walmart during the 2nd quarter valued at approximately $28,000. Finally, NewSquare Capital LLC lifted its holdings in Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.