In yesterday’s Wall Street session, Walmart Inc. (NYSE:WMT) shares traded at $152.42, up 0.48% from the previous session.
WMT stock price is now 10.99% away from the 50-day moving average and 11.56% away from the 200-day moving average. The market capitalization of the company currently stands at $407.56B.
With the price target of $155, KeyBanc Capital Markets recently initiated with Overweight rating for Walmart Inc. (NYSE: WMT). On July 22, 2022, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $135, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Brand Rachel L, Executive Vice President sold 4,853 shares of the company’s stock on Nov 21. The stock was sold for $731,135 at an average price of $150.66. Upon completion of the transaction, the Executive Vice President now directly owns 179,496 shares in the company, valued at $27.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, 10% Owner WALTON JIM C sold 250,000 shares of the business’s stock. A total of $37,369,450 was realized by selling the stock at an average price of $149.48. This leaves the insider owning 277,227,135 shares of the company worth $42.25 billion. Insiders disposed of 69,240,758 shares of company stock worth roughly $10.55 billion over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WMT stock. A new stake in Walmart Inc. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $97,639,000. SCOPUS ASSET MANAGEMENT, L.P. invested $60,998,000 in shares of WMT during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Walmart Inc. valued at approximately $60,351,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in WMT for approximately $52,099,000. COVEA FINANCE purchased a new stake in WMT valued at around $44,886,000 in the second quarter. In total, there are 3,192 active investors with 32.70% ownership of the company’s stock.
Wednesday morning saw Walmart Inc. (NYSE: WMT) opened at $152.08. During the past 12 months, Walmart Inc. has had a low of $117.27 and a high of $160.77. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.80, and a quick ratio of 0.20. The fifty day moving average price for WMT is $137.68 and a two-hundred day moving average price translates $136.70 for the stock.
The latest earnings results from Walmart Inc. (NYSE: WMT) was released for Jul, 2022. According to the Discount Stores Company, earnings per share came in at $1.77, beating analysts’ expectations of $1.62 by 0.15. This compares to $1.12 EPS in the same period last year. The net profit margin was 2.20% and return on equity was 16.20% for WMT. The company reported revenue of $152.81 billion for the quarter, compared to $140.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.74 percent. For the current quarter, analysts expect WMT to generate $147.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/03/2023. Investors who held shares on 12/09/2022 were paid a $0.56 dividend. On an annualized basis, this represents a $2.24 dividend and a 1.47% percent yield. There was an ex-dividend date of 12/08/2022 for this dividend. In terms of dividend payout ratio, WMT is presently at 47.30%.
Walmart Inc.(WMT) Company Profile
Walmart Inc. engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in 1945 and is based in Bentonville, Arkansas.