Walmart (NYSE:WMT) PT Raised to $170.00 at Truist Financial

Walmart (NYSE:WMT) had its target price increased by Truist Financial from $168.00 to $170.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the retailer’s stock.

WMT has been the topic of several other reports. Evercore ISI boosted their target price on Walmart from $175.00 to $177.00 and gave the stock an outperform rating in a report on Friday, September 8th. The Goldman Sachs Group boosted their target price on Walmart from $176.00 to $182.00 and gave the stock a buy rating in a report on Thursday, August 17th. Oppenheimer boosted their target price on Walmart from $165.00 to $175.00 and gave the stock an outperform rating in a report on Tuesday, August 8th. Wells Fargo & Company boosted their target price on Walmart from $175.00 to $180.00 and gave the stock an overweight rating in a report on Friday, August 18th. Finally, Bank of America boosted their target price on Walmart from $175.00 to $190.00 in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $179.00.

Walmart Trading Down 0.0 %

Shares of WMT opened at $155.30 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average price is $162.03 and its 200 day moving average price is $157.90. The firm has a market capitalization of $418.00 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 3.23 and a beta of 0.53. Walmart has a 12-month low of $136.09 and a 12-month high of $169.94.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The company had revenue of $160.80 billion for the quarter, compared to the consensus estimate of $159.65 billion. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts predict that Walmart will post 6.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the completion of the transaction, the chief executive officer now owns 1,461,509 shares in the company, valued at approximately $237,349,061.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the completion of the transaction, the chief executive officer now owns 1,461,509 shares in the company, valued at approximately $237,349,061.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $164.37, for a total value of $164,370.00. Following the transaction, the executive vice president now owns 167,735 shares of the company’s stock, valued at approximately $27,570,601.95. The disclosure for this sale can be found here. Insiders sold a total of 31,166 shares of company stock worth $5,066,701 in the last quarter. Corporate insiders own 46.51% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of large investors have recently modified their holdings of WMT. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Walmart by 93,272.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock worth $129,045,359,000 after buying an additional 820,124,410 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Walmart by 112,181.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after buying an additional 22,834,564 shares during the last quarter. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth about $2,598,736,000. Providence Capital Advisors LLC boosted its stake in shares of Walmart by 1,164,937.0% during the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock worth $32,000,000 after buying an additional 4,717,995 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Walmart by 7,546.2% during the 1st quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock worth $467,747,000 after buying an additional 3,125,576 shares during the last quarter. 33.18% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.