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

Walmart (NYSE:WMT - Free Report) had its target price lifted by Robert W. Baird from $82.00 to $90.00 in a research report released on Monday morning, Benzinga reports. They currently have an outperform rating on the retailer's stock.

WMT has been the subject of a number of other reports. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the company a buy rating in a report on Tuesday, June 11th. Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the stock a buy rating in a research note on Friday, August 16th. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a buy rating in a research report on Friday, August 16th. KeyCorp upped their price target on Walmart from $75.00 to $82.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. Finally, TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a buy rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $81.62.

Walmart Trading Up 0.9 %

Shares of WMT stock traded up $0.68 during mid-day trading on Monday, reaching $80.46. The stock had a trading volume of 6,377,022 shares, compared to its average volume of 17,402,318. The firm has a market capitalization of $646.76 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. The stock's 50-day moving average price is $74.44 and its two-hundred day moving average price is $67.57. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart has a 52-week low of $49.85 and a 52-week high of $81.60.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 net margin of 2.34% and a return on equity of 21.72%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. Equities analysts expect that Walmart will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company's stock, valued at approximately $26,787,946.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. The disclosure for this sale can be found here. In the last three months, insiders sold 12,292,421 shares of company stock valued at $954,612,818. Company insiders own 45.58% of the company's stock.

Hedge Funds Weigh In On Walmart

Institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Walmart during the first quarter valued at $25,000. Northwest Capital Management Inc raised its stake 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 acquiring an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at approximately $29,000. Finally, Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at approximately $30,000. 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.