Walmart (NYSE:WMT) Given New $111.00 Price Target at Truist Financial

Walmart (NYSE:WMT) had its price target lifted by Truist Financial from $98.00 to $111.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the retailer’s stock.

WMT has been the subject of a number of other reports. Barclays upped their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Walmart Stock Performance

NYSE WMT opened at $102.45 on Tuesday. The firm has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55. The company has a 50-day simple moving average of $94.27 and a two-hundred day simple moving average 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. Walmart has a 12-month low of $55.85 and a 12-month high of $103.11.

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

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Institutional Trading of Walmart

Several hedge funds have recently bought and sold shares of the stock. Coyle Financial Counsel LLC grew its position in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its holdings in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC increased its stake in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after buying an additional 106 shares during the period. Van Strum & Towne Inc. lifted its holdings in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after buying an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC boosted its position in Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors 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.