The price of Walmart Inc (NYSE:WMT) shares last traded on Wall Street fell -0.49% to $60.57.
WMT stock price is now 5.24% away from the 50-day moving average and 12.05% away from the 200-day moving average. The market capitalization of the company currently stands at $487.76B.
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With the price target enhanced from $185 to $205, Telsey Advisory Group maintained Outperform rating for Walmart Inc (NYSE: WMT). On September 22, 2023, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $200, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, WALTON S ROBSON, Director sold 345,000 shares of the company’s stock on Mar 14 ’24. The stock was sold for $21,020,505 at an average price of $60.93. Upon completion of the transaction, the Director now directly owns 652,044,261 shares in the company, valued at $39.49 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, 10% Owner WALTON JIM C sold 345,000 shares of the business’s stock. A total of $21,020,505 was realized by selling the stock at an average price of $60.93. This leaves the insider owning 652,044,261 shares of the company worth $39.49 billion. A total of 46.32% of the company’s stock is owned by insiders.
During the past 12 months, Walmart Inc has had a low of $46.50 and a high of $61.65. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 0.83, and a quick ratio of 0.24. According to the stock market information, the enterprise value for the company is $541.95B, which is based on a 31.66 price-to-earnings ratio, a 3.96 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for WMT is $57.55 and a two-hundred day moving average price translates $54.06 for the stock.
The latest earnings results from Walmart Inc (NYSE: WMT) was released for Jan, 2024. According to the Discount Stores Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.5 by 0.05. This compares to $0.72 EPS in the same period last year. The net profit margin was 2.39% and return on equity was 19.32% for WMT. The company reported revenue of $173.39 billion for the quarter, compared to $164.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.69 percent. For the current quarter, analysts expect WMT to generate $146.64B in revenue.
