Walmart (NYSE:WMT) Price Target Raised to $110.00

Walmart (NYSE:WMT) had its target price boosted by Robert W. Baird from $100.00 to $110.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Several other equities research analysts also recently weighed in on WMT. Evercore ISI decreased their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Monday, May 12th. Mizuho started coverage on shares of Walmart in a research note on Friday, April 11th. They set an “outperform” rating and a $105.00 price objective on the stock. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $104.94.

Walmart Stock Performance

Walmart stock opened at $98.26 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart has a 12 month low of $63.87 and a 12 month high of $105.30. The company has a market cap of $786.18 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The stock’s 50-day moving average is $91.19 and its 200-day moving average is $92.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm posted $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares of the company’s stock, valued at approximately $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Institutional investors have recently made changes to their positions in the stock. World Investment Advisors raised its stake in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after buying an additional 19,233 shares in the last quarter. Candriam S.C.A. raised its position in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Modera Wealth Management LLC raised its position in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in Walmart in the 4th quarter valued at about $1,124,000. Finally, Campbell Wealth Management bought a new position in shares of Walmart during the 4th quarter valued at about $359,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.