Walmart (NYSE:WMT) Price Target Raised to $96.00 at Evercore ISI

Walmart (NYSE:WMT) had its price objective increased by research analysts at Evercore ISI from $94.00 to $96.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 3.47% from the company’s current price.

WMT has been the topic of several other reports. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Walmart Stock Up 0.2 %

Shares of NYSE WMT traded up $0.14 during trading on Tuesday, hitting $92.78. 2,572,857 shares of the company traded hands, compared to its average volume of 16,818,768. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $93.15. The firm has a market capitalization of $745.79 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 4.39 and a beta of 0.54. The business’s fifty day moving average is $83.35 and its 200 day moving average is $75.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,673,023 shares of company stock valued at $753,365,984 in the last three months. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently made changes to their positions in WMT. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC boosted its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after buying an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.