Baird Financial Group Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,378 shares of the retailer’s stock after selling 7,148 shares during the period. Baird Financial Group Inc.’s holdings in Walmart were worth $89,706,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in WMT. Cordant Inc. acquired a new stake in Walmart during the 1st quarter worth approximately $25,000. Conrad Siegel Investment Advisors Inc. acquired a new position in Walmart in the 1st quarter valued at $27,000. Industrial Alliance Investment Management Inc. acquired a new position in Walmart in the 4th quarter valued at $28,000. Ulland Investment Advisors LLC raised its holdings in Walmart by 442.9% in the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 155 shares in the last quarter. Finally, Gibson Wealth Advisors LLC acquired a new position in Walmart in the 4th quarter valued at $29,000. 31.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on WMT shares. Raymond James lifted their price objective on Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Robert W. Baird lifted their price objective on Walmart from $140.00 to $155.00 in a report on Tuesday, August 16th. Gordon Haskett dropped their price objective on Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a report on Wednesday, May 18th. Truist Financial lifted their price objective on Walmart from $117.00 to $134.00 in a report on Wednesday, August 17th. Finally, The Goldman Sachs Group boosted their price target on Walmart from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.
Insider Activity at Walmart
Walmart Stock Up 0.5 %
Shares of Walmart stock opened at $136.43 on Friday. Walmart Inc. has a one year low of $117.27 and a one year high of $160.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.24. The stock’s 50-day moving average is $130.63 and its 200 day moving average is $136.31. The firm has a market cap of $370.30 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 4.22 and a beta of 0.52.
Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a return on equity of 18.95% and a net margin of 2.36%. The company had revenue of $152.86 billion for the quarter, compared to analyst estimates of $149.96 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 5.85 EPS for the current year.
Walmart Company Profile
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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