The stock of Walmart Inc (NYSE:WMT) last traded at $159.93, down -1.61% from the previous session.
Data from the available sources indicates that Walmart Inc (NYSE:WMT) is covered by 39 analysts. 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 $162.54, this indicates a potential upside of 10.43 percent. WMT stock price is now -0.46% away from the 50-day moving average and 6.17% away from the 200-day moving average. The market capitalization of the company currently stands at $430.46B.
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In total, 6 analysts have assigned it a hold rating, and 27 have given it a buy rating. Brokers who have rated the stock have averaged $178.95 as their price target over the next twelve months.
With the price target of $200, HSBC Securities recently initiated with Buy rating for Walmart Inc (NYSE: WMT).
In other news, McMillon C Douglas, President and CEO sold 9,708 shares of the company’s stock on Sep 28. The stock was sold for $1,576,621 at an average price of $162.40. Upon completion of the transaction, the President and CEO now directly owns 1,461,509 shares in the company, valued at $233.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27, Executive Vice President Furner John R. sold 4,375 shares of the business’s stock. A total of $708,750 was realized by selling the stock at an average price of $162.00. This leaves the insider owning 269,119 shares of the company worth $43.04 million. Insiders disposed of 53,802,574 shares of company stock worth roughly $8.6 billion over the past 1 year. A total of 46.89% 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 $221,393,000. POINTSTATE CAPITAL LP invested $109,377,000 in shares of WMT during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Walmart Inc valued at approximately $68,279,000. WESTFIELD CAPITAL MANAGEMENT CO LP acquired a new stake in WMT for approximately $63,970,000. KBC GROUP NV purchased a new stake in WMT valued at around $43,298,000 in the second quarter. In total, there are 3,474 active investors with 34.22% ownership of the company’s stock.
During the past 12 months, Walmart Inc has had a low of $128.07 and a high of $165.85. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.83, and a quick ratio of 0.26. According to the stock market information, the enterprise value for the company is $481.37B, which is based on a 30.80 price-to-earnings ratio, a 4.18 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for WMT is $160.71 and a two-hundred day moving average price translates $150.70 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 $1.88 EPS in the same period last year. The net profit margin was 2.23% and return on equity was 17.87% for WMT. The company reported revenue of $161.63 billion for the quarter, compared to $152.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.74 percent. For the current quarter, analysts expect WMT to generate $158.84B 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 $2.33 dividend and a 1.45% 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 52.43%.
