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

Walmart (NYSE:WMT) had its price target upped by Robert W. Baird from $82.00 to $90.00 in a research report report published on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the retailer’s stock.

A number of other equities research analysts have also commented on the company. Roth Mkm raised their price objective on Walmart from $71.00 to $81.00 and gave the stock a buy rating in a research report on Friday, August 16th. UBS Group upped their price target on Walmart from $74.00 to $81.00 and gave the stock a buy rating in a report on Friday, August 16th. HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They issued a buy rating and a $95.00 price target on the stock. Finally, Wells Fargo & Company increased their target price on Walmart from $81.00 to $88.00 and gave the stock an overweight rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of Buy and a consensus target price of $81.62.

Walmart Price Performance

Shares of WMT opened at $80.44 on Monday. The firm has a market capitalization of $647.02 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart has a one year low of $49.85 and a one year high of $81.60. The stock’s fifty day moving average is $75.05 and its 200-day moving average is $67.94.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. Equities analysts anticipate that Walmart will post 2.44 EPS for the current year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,334,670 shares of company stock valued at $958,025,027. 45.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Swiss National Bank boosted its holdings in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after buying an additional 8,225,552 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the period. Institutional investors own 26.76% of the company’s stock.

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.