Truist Securities Initiates Coverage on Walmart (NYSE:WMT)

Analysts at Truist Securities initiated coverage on shares of Walmart (NYSE:WMT) in a research report issued on Thursday, Price Targets.com reports. The firm set a “hold” rating and a $153.00 price target on the retailer’s stock. Truist Securities’ target price indicates a potential upside of 5.47% from the stock’s previous close.

Other research analysts have also issued reports about the company. Truist Financial initiated coverage on Walmart in a report on Thursday. They set a “hold” rating and a $153.00 price target on the stock. Stifel Nicolaus lowered their price target on Walmart from $160.00 to $155.00 and set a “hold” rating on the stock in a report on Tuesday, November 16th. MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and raised their price target for the company from $156.00 to $166.00 in a report on Friday, November 19th. Credit Suisse Group initiated coverage on Walmart in a report on Friday, November 19th. They set an “outperform” rating and a $166.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $185.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $167.96.

Shares of NYSE WMT opened at $145.06 on Thursday. Walmart has a 1-year low of $126.28 and a 1-year high of $152.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.29. The business’s fifty day moving average price is $142.95 and its two-hundred day moving average price is $143.83. The firm has a market capitalization of $402.38 billion, a PE ratio of 50.72, a P/E/G ratio of 4.07 and a beta of 0.51.

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

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $146.78, for a total transaction of $1,424,940.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 498,727 shares of the firm’s stock in a transaction dated Thursday, December 16th. The stock was sold at an average price of $144.95, for a total value of $72,290,478.65. The disclosure for this sale can be found here. Insiders have sold a total of 8,104,124 shares of company stock valued at $1,133,014,546 over the last 90 days. Corporate insiders own 48.44% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Guidance Point Advisors LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at about $30,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of Walmart by 360.0% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 253 shares of the retailer’s stock valued at $35,000 after buying an additional 198 shares during the last quarter. Atlantic Trust LLC acquired a new stake in shares of Walmart during the 2nd quarter valued at about $40,000. Spectrum Management Group LLC raised its stake in shares of Walmart by 64.2% in the 3rd quarter. Spectrum Management Group LLC now owns 312 shares of the retailer’s stock valued at $43,000 after acquiring an additional 122 shares in the last quarter. Finally, Macroview Investment Management LLC raised its stake in shares of Walmart by 513.5% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the retailer’s stock valued at $44,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 30.87% of the company’s stock.

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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