Walmart (NYSE:WMT) Stock Price Expected to Rise, Truist Financial Analyst Says

Walmart (NYSE:WMT) had its price objective increased by stock analysts at Truist Financial from $98.00 to $111.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Truist Financial’s price target would suggest a potential upside of 8.55% from the company’s current price.

WMT has been the topic of several other research reports. UBS Group upped their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Citigroup increased their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $98.08.

Walmart Stock Performance

Walmart stock traded down $0.67 during mid-day trading on Tuesday, hitting $102.26. The company had a trading volume of 5,261,323 shares, compared to its average volume of 14,787,312. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 12-month low of $55.85 and a 12-month high of $103.11. The company’s fifty day moving average is $94.27 and its 200-day moving average is $84.59. The company has a market capitalization of $821.45 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart will post 2.48 EPS for the current year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last three months. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $32,000. Hedge funds and other 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.