Walmart (NYSE:WMT) Given New $100.00 Price Target at Robert W. Baird

Walmart (NYSE:WMT) had its target price hoisted by Robert W. Baird from $90.00 to $100.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI lifted their price target on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Performance

Shares of NYSE WMT opened at $90.44 on Wednesday. The company has a market cap of $726.98 billion, a P/E ratio of 37.07, a P/E/G ratio of 4.20 and a beta of 0.51. Walmart has a 52-week low of $49.85 and a 52-week high of $90.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The firm’s fifty day moving average is $82.12 and its two-hundred day moving average is $73.84.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Walmart will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter valued at about $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd 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. purchased a new stake in Walmart during the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.