A secret that hides Walmart Inc.’s strength (NYSE:WMT)

Stocks of Walmart Inc. (NYSE:WMT) traded higher last session on Wall Street, up 0.84% to $160.05.

According to the data, Walmart Inc. (NYSE:WMT) has 39 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $210.00 and a low of $163.00, we find $179.50. Given the previous closing price of $158.72, this indicates a potential upside of 13.09 percent. WMT stock price is now 1.73% away from the 50-day moving average and 7.34% away from the 200-day moving average. The market capitalization of the company currently stands at $428.45B.

A total of 6 analysts have issued a hold rating and 27 have given it a buy rating. Brokers who have rated the stock have averaged $178.03 as their price target over the next twelve months.

With the price target enhanced from $165 to $168, RBC Capital Mkts maintained Outperform rating for Walmart Inc. (NYSE: WMT).

In other news, Rainey John D, Executive Vice President sold 1,000 shares of the company’s stock on Aug 01. The stock was sold for $159,477 at an average price of $159.48. Upon completion of the transaction, the Executive Vice President now directly owns 170,735 shares in the company, valued at $27.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, President and CEO McMillon C Douglas sold 9,708 shares of the business’s stock. A total of $1,549,157 was realized by selling the stock at an average price of $159.58. This leaves the insider owning 1,480,924 shares of the company worth $237.02 million. Insiders disposed of 144,376,826 shares of company stock worth roughly $23.11 billion over the past 1 year. A total of 0.90% 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 KINGSWOOD WEALTH ADVISORS, LLC during the first quarter worth $221,559,000. POINTSTATE CAPITAL LP invested $109,459,000 in shares of WMT during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in Walmart Inc. valued at approximately $84,822,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in WMT for approximately $68,330,000. WESTFIELD CAPITAL MANAGEMENT CO LP purchased a new stake in WMT valued at around $64,018,000 in the second quarter. In total, there are 3,474 active investors with 32.90% ownership of the company’s stock.

Tuesday’s opening bell rang with an opening price of $159.00 for Walmart Inc. (NYSE: WMT). During the past 12 months, Walmart Inc. has had a low of $128.07 and a high of $162.78. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 0.80, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $478.32B, which is based on a 30.82 price-to-earnings ratio, a 4.18 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for WMT is $157.42 and a two-hundred day moving average price translates $149.20 for the stock.

The latest earnings results from Walmart Inc. (NYSE: WMT) was released for Jul, 2023. According to the Discount Stores Company, earnings per share came in at $1.84, beating analysts’ expectations of $1.7 by 0.14. This compares to $0.76 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 15.60% for WMT. The company reported revenue of $152.3 billion for the quarter, compared to $141.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.58 percent. For the current quarter, analysts expect WMT to generate $158.86B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 01/02/2024. Investors who held shares on 12/08/2023 were paid a $0.57 dividend. On an annualized basis, this represents a $2.28 dividend and a 1.42% percent yield. There was an ex-dividend date of 12/07/2023 for this dividend. In terms of dividend payout ratio, WMT is presently at 52.20%.

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 under Walmart and Walmart Neighborhood Market brands; 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, including dry grocery, snacks, dairy, meat, produce, bakery and deli, alcoholic and nonalcoholic beverages, floral, candy, and other grocery items, as well as dry, chilled, or frozen packaged foods; and health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items. It is also involved in the operation of gasoline stations; provision of tobacco; and health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products. In addition, the company offers 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. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.