Walmart (NYSE:WMT) Given New $70.00 Price Target at Evercore ISI

Walmart (NYSE:WMTGet Free Report) had its price target upped by analysts at Evercore ISI from $67.00 to $70.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s target price would indicate a potential upside of 7.44% from the company’s current price.

A number of other research analysts have also issued reports on WMT. Roth Mkm boosted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets increased their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. DA Davidson boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Oppenheimer decreased their target price on shares of Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Stifel Europe increased their price objective on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.01.

View Our Latest Report on Walmart

Walmart Stock Up 1.5 %

WMT stock opened at $65.15 on Monday. The company has a market capitalization of $524.98 billion, a P/E ratio of 27.88, a PEG ratio of 4.16 and a beta of 0.49. The firm has a 50 day simple moving average of $60.48 and a 200-day simple moving average of $56.65. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart has a twelve month low of $48.34 and a twelve month high of $65.19.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, equities research analysts predict that Walmart will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 5,970,066 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the sale, the insider now directly owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the transaction, the insider now owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 500,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.39, for a total value of $29,195,000.00. Following the sale, the insider now owns 653,067,261 shares in the company, valued at approximately $38,132,597,369.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,743,215 shares of company stock valued at $1,587,502,040. 46.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Authentikos Wealth Advisory LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $25,000. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in Walmart during the fourth quarter worth about $30,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

(Get Free Report)

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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