Walmart (NYSE:WMT) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of Walmart (NYSE:WMT) in a report released on Thursday morning, Briefing.com reports. The firm issued a hold rating and a $153.00 price objective on the retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group initiated coverage on shares of Walmart in a report on Friday, November 19th. They issued an outperform rating and a $166.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $185.00 to $186.00 and gave the stock a buy rating in a report on Wednesday, November 10th. The Goldman Sachs Group boosted their price target on shares of Walmart from $184.00 to $196.00 and gave the stock a buy rating in a report on Tuesday, October 19th. MKM Partners raised shares of Walmart from a neutral rating to a buy rating and upped their target price for the stock from $156.00 to $166.00 in a report on Friday, November 19th. Finally, Stifel Nicolaus dropped their target price on shares of Walmart from $160.00 to $155.00 and set a hold rating for the company in a report on Tuesday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of Buy and a consensus target price of $167.96.

NYSE WMT traded down $0.37 on Thursday, hitting $145.10. 285,443 shares of the company’s stock traded hands, compared to its average volume of 8,116,018. The company has a current ratio of 0.95, a quick ratio of 0.29 and a debt-to-equity ratio of 0.45. Walmart has a 1-year low of $126.28 and a 1-year high of $152.57. The firm’s 50-day moving average price is $143.05 and its two-hundred day moving average price is $143.78. The firm has a market capitalization of $402.49 billion, a PE ratio of 50.86, a P/E/G ratio of 4.09 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $140.50 billion during the quarter, compared to analyst estimates of $134.26 billion. Walmart had a net margin of 1.40% and a return on equity of 20.30%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. On average, research analysts anticipate that Walmart will post 6.41 earnings per share for the current fiscal year.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, October 28th. The stock was sold at an average price of $148.40, for a total value of $1,440,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 391,339 shares of the stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $137.01, for a total value of $53,617,356.39. The disclosure for this sale can be found here. Insiders sold 8,104,124 shares of company stock worth $1,133,014,546 over the last quarter. 48.44% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of WMT. Guidance Point Advisors LLC acquired a new stake in shares of Walmart during the third quarter worth $30,000. Mizuho Securities Co. Ltd. lifted its holdings in Walmart by 360.0% in the third quarter. Mizuho Securities Co. Ltd. now owns 253 shares of the retailer’s stock valued at $35,000 after acquiring an additional 198 shares during the period. Atlantic Trust LLC acquired a new stake in Walmart in the second quarter valued at $40,000. Spectrum Management Group LLC lifted its holdings in Walmart by 64.2% in the third quarter. Spectrum Management Group LLC now owns 312 shares of the retailer’s stock valued at $43,000 after acquiring an additional 122 shares during the period. Finally, Macroview Investment Management LLC lifted its holdings in Walmart by 513.5% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the retailer’s stock valued at $44,000 after acquiring an additional 267 shares during the period. 30.87% of the stock is owned by hedge funds and other institutional investors.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Analyst Recommendations for Walmart (NYSE:WMT)

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