Robert W. Baird restated their positive rating on shares of Walmart (NYSE:WMT) in a research report report published on Thursday morning, The Fly reports. Robert W. Baird currently has a $120.00 target price on the retailer’s stock, up from their previous target price of $115.00. The analysts noted that the move was a valuation call.
WMT has been the topic of several other research reports. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a buy rating in a report on Thursday. Daiwa Capital Markets raised Walmart from a neutral rating to an outperform rating in a research note on Tuesday, May 21st. UBS Group raised their price target on Walmart from $105.00 to $107.00 and gave the stock a neutral rating in a research note on Friday, May 17th. Gordon Haskett raised Walmart from a hold rating to an accumulate rating and set a $115.00 price target for the company in a research note on Friday, May 17th. Finally, Wolfe Research lowered Walmart from a peer perform rating to an underperform rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the stock. Walmart currently has a consensus rating of Buy and an average price target of $113.28.
Shares of Walmart stock opened at $112.99 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart has a 52-week low of $85.78 and a 52-week high of $115.49. The stock has a market capitalization of $321.70 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 4.91 and a beta of 0.41. The company’s 50 day moving average price is $111.36 and its 200-day moving average price is $103.71.
In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the transaction, the director now owns 3,347,511 shares of the company’s stock, valued at $341,580,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory S. Foran sold 19,487 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $105.00, for a total value of $2,046,135.00. Following the transaction, the insider now directly owns 343,374 shares of the company’s stock, valued at approximately $36,054,270. The disclosure for this sale can be found here. Insiders have sold 3,097,455 shares of company stock valued at $321,872,581 in the last three months. Insiders own 51.11% of the company’s stock.
A number of institutional investors have recently made changes to their positions in WMT. Lincoln Capital LLC increased its holdings in Walmart by 1.5% in the 2nd quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after buying an additional 94 shares in the last quarter. First National Bank of Hutchinson increased its holdings in Walmart by 1.5% in the 2nd quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after buying an additional 96 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its holdings in Walmart by 2.1% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after buying an additional 97 shares in the last quarter. Savant Capital LLC grew its stake in shares of Walmart by 0.6% during the 2nd quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock valued at $1,924,000 after purchasing an additional 97 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Walmart by 2.7% during the 2nd quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock valued at $414,000 after purchasing an additional 98 shares during the period. 30.05% of the stock is owned by institutional investors and hedge funds.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
Further Reading: How do buyers and sellers choose a strike price?
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.