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

Key Points

• Truist Financial has lowered its price target for Walmart from $111.00 to $109.00, while maintaining a "buy" rating for the stock, indicating a potential upside of 11.33% from the current price.
• Other analysts have shown mixed sentiments: KeyCorp raised their target to $110.00, and Tigress Financial increased theirs to $120.00, reflecting confidence in Walmart's stock performance.
• Walmart reported a quarterly earnings miss, posting $0.68 EPS against estimates of $0.74, alongside revenue of $169.34 billion, which was below the forecast of $174.02 billion.

Walmart (NYSE:WMT - Get Free Report) had its price objective cut by equities research analysts at Truist Financial from $111.00 to $109.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the retailer's stock. Truist Financial's price objective would indicate a potential upside of 11.33% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Tigress Financial upped their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Telsey Advisory Group upped their target price on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Guggenheim reiterated a "buy" rating and set a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Walmart has a consensus rating of "Buy" and a consensus price target of $109.93.

Walmart Stock Performance

WMT opened at $97.9050 on Friday. The firm has a market capitalization of $781.32 billion, a PE ratio of 41.84, a PEG ratio of 4.93 and a beta of 0.66. Walmart has a twelve month low of $75.01 and a twelve month high of $105.30. The firm's 50-day moving average price is $97.94 and its 200 day moving average price is $95.65. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted 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 21.76% and a net margin of 2.75%.The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The business's revenue 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. As a group, sell-side analysts expect that Walmart will post 2.55 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares of the company's stock, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the transaction, the executive vice president directly owned 626,118 shares in the company, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,841 shares of company stock worth $8,565,205 in the last 90 days. Insiders own 0.10% of the company's stock.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. Whelan Financial raised its position in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares during the last quarter. Atlas Legacy Advisors LLC raised its position in Walmart by 1.1% in the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer's stock valued at $851,000 after purchasing an additional 98 shares during the last quarter. Meridian Wealth Partners LLC raised its position in Walmart by 2.1% in the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer's stock valued at $470,000 after purchasing an additional 99 shares during the last quarter. Bedel Financial Consulting Inc. raised its position in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its position in Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer's stock valued at $961,000 after purchasing an additional 103 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.