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

Walmart (NYSE:WMT) had its target price hoisted by Truist Financial from $98.00 to $111.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Truist Financial’s price target indicates a potential upside of 8.55% from the company’s previous close.

Other analysts also recently issued reports about the company. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. Finally, Citigroup upped their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Walmart Price Performance

Shares of Walmart stock traded down $0.67 during trading on Tuesday, reaching $102.26. The company’s stock had a trading volume of 5,261,323 shares, compared to its average volume of 14,787,312. The business has a 50 day moving average price of $94.27 and a 200-day moving average price of $84.59. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $821.45 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart has a 12-month low of $55.85 and a 12-month high of $103.11.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Walmart will post 2.48 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. 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.