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

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

Several other research analysts have also weighed in on the company. Jefferies Financial Group upped their target price on Walmart from $85.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the stock 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 note on Wednesday, July 17th. Royal Bank of Canada upped their price target on Walmart from $74.00 to $80.00 and gave the stock an outperform rating in a research note on Friday, August 16th. Finally, Oppenheimer upped their price target on Walmart from $69.00 to $75.00 and gave the stock an outperform rating in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $81.62.

Walmart Stock Up 1.2 %

NYSE:WMT opened at $80.75 on Monday. The firm has a market capitalization of $649.09 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 4.00 and a beta of 0.51. Walmart has a 1-year low of $49.85 and a 1-year high of $81.60. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $74.64 and its 200 day moving average price is $67.71.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction 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 completion of the transaction, 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. Insiders sold 12,334,670 shares of company stock worth $958,025,027 in the last 90 days. 45.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walmart

Several institutional investors have recently bought and sold shares of WMT. Syverson Strege & Co boosted its stake in shares of Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares during the last quarter. Amussen Hunsaker Associates LLC lifted its stake in Walmart by 0.5% in the fourth quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after purchasing an additional 86 shares during the last quarter. Per Stirling Capital Management LLC. lifted its stake in Walmart by 2.6% in the fourth quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after purchasing an additional 100 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Walmart by 1.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares during the last quarter. Finally, Pinnacle Holdings LLC lifted its stake in Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock valued at $1,822,000 after purchasing an additional 108 shares during the last quarter. Institutional investors 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.