Evercore ISI Increases Walmart (NYSE:WMT) Price Target to $73.00

Walmart (NYSE:WMT) had its price target increased by analysts at Evercore ISI from $72.00 to $73.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s target price points to a potential upside of 7.50% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Tigress Financial lifted their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Roth Mkm lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Citigroup lifted their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Royal Bank of Canada lifted their target price on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Barclays lifted their target price on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Stock Down 0.1 %

Shares of NYSE:WMT opened at $67.91 on Thursday. The company has a market capitalization of $546.24 billion, a PE ratio of 29.06, a P/E/G ratio of 3.90 and a beta of 0.52. 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 $49.85 and a twelve month high of $68.55. The firm has a 50 day simple moving average of $63.23 and a 200-day simple moving average of $58.70.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities analysts predict that Walmart will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares in the company, valued at approximately $44,031,755.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares in the company, valued at approximately $44,031,755.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Seven Mile Advisory increased its position in Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after purchasing an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC increased its position in Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its position in Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares in the last quarter. Bill Few Associates Inc. grew its position in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares in the last quarter. Finally, Gateway Advisory LLC grew its position in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after acquiring an additional 65 shares in the last quarter. 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.