Walmart (NYSE:WMT) Price Target Raised to $90.00 at Robert W. Baird

Walmart (NYSE:WMT) had its target price boosted by investment analysts at Robert W. Baird from $82.00 to $90.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 10.74% from the company’s current price.

WMT has been the subject of a number of other reports. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Morgan Stanley increased their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group lifted their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $81.62.

Walmart Price Performance

Shares of WMT opened at $81.27 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $81.60. The company has a market cap of $653.27 billion, a P/E ratio of 34.78, a PEG ratio of 4.00 and a beta of 0.51. The firm’s 50 day moving average price is $74.86 and its 200 day moving average price is $67.85.

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

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,334,670 shares of company stock valued at $958,025,027. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% during 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 last quarter. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at $29,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.