Walmart (NYSE:WMT) Price Target Cut to $93.00 by Analysts at Stifel Nicolaus

Walmart (NYSE:WMT) had its target price decreased by stock analysts at Stifel Nicolaus from $99.00 to $93.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 7.68% from the stock’s current price.

A number of other brokerages have also recently weighed in on WMT. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Robert W. Baird increased their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $86.36 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $95.45 and its two-hundred day moving average is $88.92. Walmart has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a market cap of $693.80 billion, a PE ratio of 35.84, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, analysts predict that Walmart will post 2.55 EPS for the current year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the sale, the executive vice president now owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last three months. 45.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Brophy Wealth Management LLC bought a new position in shares of Walmart in the 3rd quarter valued at approximately $2,072,000. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the period. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the period. Finally, Iowa State Bank boosted its position in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. 26.76% of the stock is 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.