Walmart (NYSE:WMT) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Walmart (NYSE:WMT) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a “hold” rating and a $153.00 price target on the retailer’s stock. Truist Financial’s target price points to a potential upside of 5.47% from the stock’s previous close.

WMT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, November 10th. MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $166.00 in a report on Friday, November 19th. Credit Suisse Group initiated coverage on Walmart in a report on Friday, November 19th. They issued an “outperform” rating and a $166.00 price target on the stock. The Goldman Sachs Group raised their price target on Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a report on Tuesday, October 19th. Finally, Stifel Nicolaus lowered their target price on Walmart from $160.00 to $155.00 and set a “hold” rating on the stock in a research report on Tuesday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $167.96.

NYSE:WMT opened at $145.06 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.95 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $142.95 and its two-hundred day moving average is $143.83. Walmart has a 52 week low of $126.28 and a 52 week high of $152.57. The company has a market cap of $402.38 billion, a PE ratio of 50.72, a P/E/G ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Walmart had a return on equity of 20.30% and a net margin of 1.40%. The company had revenue of $140.50 billion for the quarter, compared to the consensus estimate of $134.26 billion. During the same quarter last year, the business posted $1.34 EPS. Walmart’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart will post 6.41 EPS for the current fiscal year.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, October 28th. The stock was sold at an average price of $148.40, for a total value of $1,440,667.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 414,729 shares of Walmart stock in a transaction on Monday, November 29th. The shares were sold at an average price of $143.16, for a total value of $59,372,603.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,104,124 shares of company stock valued at $1,133,014,546. 48.44% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Beacon Pointe Advisors LLC boosted its holdings in Walmart by 109.9% during the second quarter. Beacon Pointe Advisors LLC now owns 54,603 shares of the retailer’s stock valued at $7,700,000 after purchasing an additional 28,585 shares in the last quarter. Stephens Inc. AR boosted its holdings in Walmart by 0.4% during the second quarter. Stephens Inc. AR now owns 363,671 shares of the retailer’s stock valued at $51,285,000 after purchasing an additional 1,400 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Walmart by 43.6% during the second quarter. Intact Investment Management Inc. now owns 50,700 shares of the retailer’s stock valued at $7,150,000 after purchasing an additional 15,400 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Walmart by 8.0% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 67,486 shares of the retailer’s stock worth $9,517,000 after acquiring an additional 4,984 shares in the last quarter. Finally, Boston Research & Management Inc. boosted its holdings in shares of Walmart by 2.3% in the 3rd quarter. Boston Research & Management Inc. now owns 47,208 shares of the retailer’s stock worth $6,579,000 after acquiring an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 30.87% of the company’s stock.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Analyst Recommendations for Walmart (NYSE:WMT)

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