Walmart (NYSE:WMT) PT Raised to $85.00 at Evercore ISI

Walmart (NYSE:WMT) had its price objective hoisted by equities researchers at Evercore ISI from $82.00 to $85.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price objective would suggest a potential upside of 2.09% from the company’s current price.

WMT has been the subject of several other research reports. Telsey Advisory Group upped their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Stifel Nicolaus upped their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Tigress Financial raised their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $83.51.

Walmart Price Performance

Shares of NYSE:WMT opened at $83.26 on Tuesday. Walmart has a one year low of $49.85 and a one year high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $669.71 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 4.07 and a beta of 0.51. The company’s fifty day moving average price is $78.71 and its 200-day moving average price is $70.08.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,295,088 shares of company stock worth $955,284,831 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of WMT. Investment Advisory Group LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its position in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares in the last quarter. Inspire Advisors LLC boosted its stake in Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. Trust Co of the South increased its holdings in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares in the last quarter. Finally, LVZ Inc. raised its stake in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after purchasing an additional 143 shares during the last quarter. 26.76% of the stock is currently owned by 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.