Walmart (NYSE:WMT) Given New $119.00 Price Target at Truist Financial

Walmart (NYSE:WMT) had its price objective raised by Truist Financial from $109.00 to $119.00 in a research report sent to investors on Thursday, Marketbeat reports. They currently have a buy rating on the retailer’s stock.

Several other research firms also recently issued reports on WMT. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an “outperform” rating in a research report on Friday, August 22nd. The Goldman Sachs Group boosted their price objective on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Oppenheimer lifted their target price on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Bank of America lifted their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.52.

Walmart Trading Down 1.3%

Shares of NYSE:WMT traded down $1.38 during mid-day trading on Thursday, hitting $105.73. The company had a trading volume of 10,387,531 shares, compared to its average volume of 18,314,604. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart has a one year low of $79.81 and a one year high of $109.57. The firm has a fifty day moving average price of $103.49 and a 200 day moving average price of $99.85. The company has a market capitalization of $843.00 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same period last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, research analysts forecast that Walmart will post 2.55 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,630 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $102.58, for a total value of $167,205.40. Following the completion of the transaction, the executive vice president directly owned 642,788 shares of the company’s stock, valued at approximately $65,937,193.04. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the sale, the executive vice president directly owned 892,940 shares in the company, valued at $96,241,073.20. The trade was a 1.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 133,888 shares of company stock worth $13,835,383 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WMT. Collier Financial bought a new position in shares of Walmart in the third quarter worth $25,000. Access Investment Management LLC bought a new position in Walmart in the 2nd quarter worth about $26,000. Operose Advisors LLC raised its holdings in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after acquiring an additional 243 shares in the last quarter. Your Advocates Ltd. LLP purchased a new position in shares of Walmart during the third quarter worth about $28,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Walmart in the third quarter worth approximately $30,000. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.