Walmart (NYSE:WMT) Price Target Lowered to $109.00 at Truist Financial

Walmart (NYSE:WMT) had its price objective reduced by Truist Financial from $111.00 to $109.00 in a research report released on Friday,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. Tigress Financial boosted their target price on Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Mizuho reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Citigroup reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Walmart from $112.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus target price of $110.07.

Walmart Stock Down 1.2%

Shares of NYSE:WMT opened at $96.8190 on Friday. The company has a 50 day moving average price of $97.99 and a two-hundred day moving average price of $95.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 0.79. The company has a market capitalization of $772.66 billion, a PE ratio of 36.40, a PEG ratio of 4.75 and a beta of 0.66. Walmart has a 52 week low of $75.01 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts forecast that Walmart will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 90.0%. Walmart’s dividend payout ratio is 35.34%.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares of the company’s stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer directly owned 4,412,398 shares of the company’s stock, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,841 shares of company stock worth $8,565,205. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of large investors have recently bought and sold shares of WMT. Kingstone Capital Partners Texas LLC boosted its position in Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after acquiring an additional 104,488,610 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $5,367,770,000. Nuveen LLC acquired a new stake in shares of Walmart in the 1st quarter valued at approximately $2,532,331,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after buying an additional 11,368,549 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after buying an additional 7,860,306 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

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.