Truist Financial Issues Pessimistic Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its target price decreased by stock analysts at Truist Financial from $111.00 to $107.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. Truist Financial’s price objective would suggest a potential upside of 8.35% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Guggenheim restated a “buy” rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Oppenheimer reduced their target price on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $103.94.

Walmart Trading Up 0.2 %

WMT stock opened at $98.76 on Tuesday. Walmart has a twelve month low of $59.44 and a twelve month high of $105.30. The stock has a market capitalization of $790.13 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $90.62 and its two-hundred day simple moving average is $91.70.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, analysts anticipate that Walmart will post 2.55 earnings per share for the current year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter worth about $32,000. Finally, Bear Mountain Capital Inc. raised its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Company Profile

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.