Walmart (NYSE:WMT) Price Target Raised to $119.00 at Truist Financial

Walmart (NYSE:WMT) had its target price hoisted by equities researchers at Truist Financial from $109.00 to $119.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. Truist Financial’s target price indicates a potential upside of 11.39% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Oppenheimer raised their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Evercore ISI reissued an “outperform” rating and issued a $111.00 price objective (up previously from $110.00) on shares of Walmart in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Bank of America boosted their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Guggenheim restated a “buy” rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Walmart Stock Performance

WMT traded up $6.22 on Thursday, reaching $106.83. 32,530,414 shares of the stock were exchanged, compared to its average volume of 18,279,248. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The company’s 50-day moving average price is $103.40 and its 200 day moving average price is $99.80. The firm has a market capitalization of $851.77 billion, a PE ratio of 40.21, a PEG ratio of 4.83 and a beta of 0.67. Walmart has a fifty-two week low of $79.81 and a fifty-two week high of $109.57.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts forecast that Walmart will post 2.55 EPS for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,630 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $102.58, for a total value of $167,205.40. Following the completion of the sale, the executive vice president directly owned 642,788 shares in the company, valued at $65,937,193.04. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.18, for a total value of $222,596.00. Following the transaction, the executive vice president owned 619,518 shares in the company, valued at approximately $62,682,831.24. This represents a 0.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 133,888 shares of company stock valued at $13,835,383 in the last three months. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Aviva PLC grew its holdings in shares of Walmart by 16.4% during the second quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after purchasing an additional 539,504 shares during the last quarter. Weatherly Asset Management L. P. lifted its holdings in shares of Walmart by 7.0% during the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after purchasing an additional 3,696 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Walmart by 34.6% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock worth $3,355,000 after purchasing an additional 9,831 shares during the last quarter. Ally Financial Inc. acquired a new stake in Walmart in the first quarter valued at $2,107,000. Finally, Night Squared LP bought a new position in Walmart during the 1st quarter worth $1,052,000. Hedge funds and other institutional investors 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.