Walmart (NYSE:WMT) Price Target Raised to $115.00

Walmart (NYSE:WMT) had its price target lifted by investment analysts at Robert W. Baird from $100.00 to $115.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 10.54% from the company’s current price.

WMT has been the subject of a number of other reports. Citigroup raised their price target on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, UBS Group increased their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $101.03.

Walmart Stock Down 1.0 %

NYSE:WMT opened at $104.04 on Tuesday. The stock has a 50-day simple moving average of $95.20 and a 200 day simple moving average of $85.80. Walmart has a 52-week low of $55.99 and a 52-week high of $105.30. The company has a market cap of $835.78 billion, a PE ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, sell-side analysts expect that Walmart will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter worth $26,000. Finally, Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at $32,000. Institutional investors and hedge funds 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.