Truist Financial Initiates Coverage on Walmart (NYSE:WMT)

Analysts at Truist Financial initiated coverage on shares of Walmart (NYSE:WMT) in a report issued 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 price objective suggests a potential upside of 5.47% from the company’s current price.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, November 10th. The Goldman Sachs Group raised their price objective on Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a research report on Tuesday, October 19th. Stifel Nicolaus cut their price objective on Walmart from $160.00 to $155.00 and set a “hold” rating for the company in a research report on Tuesday, November 16th. MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $166.00 in a research report on Friday, November 19th. Finally, Credit Suisse Group initiated coverage on Walmart in a report on Friday, November 19th. They set an “outperform” rating and a $166.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $167.96.

Shares of NYSE:WMT opened at $145.06 on Thursday. Walmart has a 1 year low of $126.28 and a 1 year high of $152.57. The firm has a market capitalization of $402.38 billion, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.29. The business’s 50 day moving average price is $142.95 and its 200-day moving average price is $143.83.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 16th. The retailer reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. Walmart had a return on equity of 20.30% and a net margin of 1.40%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, sell-side analysts expect that Walmart will post 6.41 earnings per share for the current year.

In other Walmart news, Director S Robson Walton sold 601,845 shares of Walmart stock in a transaction that occurred on Monday, December 27th. The stock was sold at an average price of $140.42, for a total transaction of $84,511,074.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 391,339 shares of Walmart stock in a transaction that occurred on Wednesday, December 8th. The stock was sold at an average price of $137.01, for a total value of $53,617,356.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,104,124 shares of company stock worth $1,133,014,546. 48.44% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in WMT. Guidance Point Advisors LLC acquired a new position in Walmart during the third quarter worth $30,000. Mizuho Securities Co. Ltd. boosted its position in Walmart by 360.0% during the third quarter. Mizuho Securities Co. Ltd. now owns 253 shares of the retailer’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Atlantic Trust LLC purchased a new stake in Walmart during the second quarter worth $40,000. Spectrum Management Group LLC boosted its position in Walmart by 64.2% during the third quarter. Spectrum Management Group LLC now owns 312 shares of the retailer’s stock worth $43,000 after purchasing an additional 122 shares in the last quarter. Finally, Macroview Investment Management LLC boosted its position in Walmart by 513.5% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the retailer’s stock worth $44,000 after purchasing an additional 267 shares in the last quarter. 30.87% of the stock is currently owned by institutional investors and hedge funds.

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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