Fintel reports that on September 24, 2024, Truist Securities upgraded their outlook for Walmart (NYSE:WMT) from Hold to Buy.
Analyst Price Forecast Suggests 3.63% Upside
As of September 25, 2024, the average one-year price target for Walmart is $83.63/share. The forecasts range from a low of $75.75 to a high of $96.60. The average price target represents an increase of 3.63% from its latest reported closing price of $80.70 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Walmart is 650,379MM, a decrease of 2.20%. The projected annual non-GAAP EPS is 7.26.
What is the Fund Sentiment?
There are 4,524 funds or institutions reporting positions in Walmart. This is an increase of 141 owner(s) or 3.22% in the last quarter. Average portfolio weight of all funds dedicated to WMT is 0.68%, an increase of 9.21%. Total shares owned by institutions increased in the last three months by 4.96% to 3,043,692K shares. 
The put/call ratio of WMT is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 140,005K shares representing 1.74% ownership of the company. In its prior filing, the firm reported owning 139,586K shares , representing an increase of 0.30%. The firm increased its portfolio allocation in WMT by 9.76% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 109,629K shares representing 1.36% ownership of the company. In its prior filing, the firm reported owning 107,869K shares , representing an increase of 1.61%. The firm increased its portfolio allocation in WMT by 8.26% over the last quarter.
Geode Capital Management holds 84,831K shares representing 1.06% ownership of the company. In its prior filing, the firm reported owning 83,327K shares , representing an increase of 1.77%. The firm increased its portfolio allocation in WMT by 8.69% over the last quarter.
Bank Of America holds 70,702K shares representing 0.88% ownership of the company. In its prior filing, the firm reported owning 67,041K shares , representing an increase of 5.18%. The firm increased its portfolio allocation in WMT by 11.91% over the last quarter.
Norges Bank holds 69,395K shares representing 0.86% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Walmart Background Information
(This description is provided by the company.)
Walmart Inc. helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.
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