Fintel reports that on September 22, 2023, HSBC initiated coverage of Walmart (NYSE:WMT) with a Buy recommendation.
Analyst Price Forecast Suggests 12.02% Upside
As of August 31, 2023, the average one-year price target for Walmart is 181.38. The forecasts range from a low of 166.65 to a high of $220.50. The average price target represents an increase of 12.02% from its latest reported closing price of 161.92.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Walmart is 629,089MM, a decrease of 0.27%. The projected annual non-GAAP EPS is 6.61.
What is the Fund Sentiment?
There are 3985 funds or institutions reporting positions in Walmart. This is a decrease of 31 owner(s) or 0.77% in the last quarter. Average portfolio weight of all funds dedicated to WMT is 0.64%, an increase of 2.62%. Total shares owned by institutions increased in the last three months by 2.42% to 1,040,982K shares. 
The put/call ratio of WMT is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 46,252K shares representing 1.72% ownership of the company. In it's prior filing, the firm reported owning 41,741K shares, representing an increase of 9.75%. The firm increased its portfolio allocation in WMT by 8.98% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 33,395K shares representing 1.24% ownership of the company. In it's prior filing, the firm reported owning 32,723K shares, representing an increase of 2.01%. The firm decreased its portfolio allocation in WMT by 1.47% over the last quarter.
Geode Capital Management holds 25,500K shares representing 0.95% ownership of the company. In it's prior filing, the firm reported owning 25,105K shares, representing an increase of 1.55%. The firm decreased its portfolio allocation in WMT by 2.06% over the last quarter.
Bank Of America holds 20,548K shares representing 0.76% ownership of the company. In it's prior filing, the firm reported owning 21,878K shares, representing a decrease of 6.47%. The firm increased its portfolio allocation in WMT by 2.18% over the last quarter.
Price T Rowe Associates holds 17,824K shares representing 0.66% ownership of the company. In it's prior filing, the firm reported owning 16,456K shares, representing an increase of 7.67%. The firm increased its portfolio allocation in WMT by 142.47% over the last quarter.
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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