Walmart (NYSE:WMT) Given New $139.00 Price Target at Truist Financial

Walmart (NYSE:WMTGet Rating) had its target price reduced by analysts at Truist Financial from $150.00 to $139.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Truist Financial’s target price suggests a potential upside of 12.22% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Evercore ISI dropped their price objective on shares of Walmart from $140.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday. Raymond James decreased their price objective on shares of Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley decreased their price objective on shares of Walmart from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 22nd. Royal Bank of Canada dropped their price target on shares of Walmart from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Bank of America decreased their price target on shares of Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $159.28.

Shares of WMT traded down $7.49 during trading hours on Wednesday, reaching $123.86. 558,025 shares of the company traded hands, compared to its average volume of 7,040,231. The company’s fifty day moving average price is $150.31 and its two-hundred day moving average price is $144.54. The company has a market capitalization of $340.96 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49. The company has a quick ratio of 0.28, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. Walmart has a 12 month low of $130.64 and a 12 month high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a return on equity of 20.42% and a net margin of 2.39%. The business had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. During the same period in the previous year, the firm earned $1.69 EPS. The company’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Walmart will post 6.75 EPS for the current year.

In other news, major shareholder Alice L. Walton sold 1,167,433 shares of the stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total value of $159,004,374.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $134.78, for a total transaction of $1,308,444.24. The disclosure for this sale can be found here. Insiders have sold 1,426,790 shares of company stock worth $195,406,267 in the last three months. 48.44% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Welch & Forbes LLC grew its holdings in Walmart by 4.2% during the 4th quarter. Welch & Forbes LLC now owns 144,223 shares of the retailer’s stock worth $20,867,000 after acquiring an additional 5,858 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Walmart by 3.2% in the 4th quarter. Capital Investment Advisors LLC now owns 29,550 shares of the retailer’s stock valued at $4,276,000 after buying an additional 924 shares in the last quarter. Wealth Quarterback LLC boosted its stake in Walmart by 422.3% in the 3rd quarter. Wealth Quarterback LLC now owns 44,234 shares of the retailer’s stock worth $1,087,000 after purchasing an additional 35,765 shares in the last quarter. Kavar Capital Partners Group LLC boosted its stake in Walmart by 6.2% in the 4th quarter. Kavar Capital Partners Group LLC now owns 23,914 shares of the retailer’s stock worth $3,460,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Walmart by 7.1% in the 3rd quarter. Captrust Financial Advisors now owns 560,494 shares of the retailer’s stock worth $78,122,000 after purchasing an additional 37,296 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

Walmart Company Profile (Get Rating)

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

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