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.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Walmart will post 4.91 earnings per share for the current fiscal year.

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.

About Walmart

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.

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The Fly

Analyst Recommendations for Walmart (NYSE:WMT)

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