Walmart (NYSE:WMT) Given New $93.00 Price Target at Stifel Nicolaus

Walmart (NYSE:WMT) had its price target lowered by Stifel Nicolaus from $99.00 to $93.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a hold rating on the retailer’s stock.

Several other equities research analysts have also recently weighed in on WMT. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $85.78 on Thursday. Walmart has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50-day moving average of $95.34 and a 200 day moving average of $88.89. The stock has a market capitalization of $687.70 billion, a PE ratio of 35.59, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, sell-side analysts anticipate that Walmart will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,777 shares of company stock worth $18,001,116. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently bought and sold shares of the stock. M1 Capital Management LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $701,000. DSG Capital Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $6,679,000. Chancellor Financial Group WB LP purchased a new position in shares of Walmart in the fourth quarter valued at about $400,000. Triton Wealth Management PLLC lifted its position in shares of Walmart by 7.2% in the fourth quarter. Triton Wealth Management PLLC now owns 27,469 shares of the retailer’s stock valued at $2,288,000 after acquiring an additional 1,843 shares in the last quarter. Finally, 111 Capital purchased a new position in shares of Walmart in the fourth quarter valued at about $1,844,000. 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.