The stock of Walmart Inc (NYSE:WMT) last traded at $59.78, down -0.12% from the previous session.
WMT stock price is now 1.94% away from the 50-day moving average and 9.81% away from the 200-day moving average. The market capitalization of the company currently stands at $481.40B.
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, Rainey John D, Executive Vice President sold 3,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $180,782 at an average price of $60.26. Upon completion of the transaction, the Executive Vice President now directly owns 524,613 shares in the company, valued at $31.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’24, President and CEO McMillon C Douglas sold 29,124 shares of the business’s stock. A total of $1,760,400 was realized by selling the stock at an average price of $60.45. This leaves the insider owning 4,047,767 shares of the company worth $241.98 million. 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 $48.34 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 $533.16B, which is based on a 31.25 price-to-earnings ratio, a 3.91 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for WMT is $58.75 and a two-hundred day moving average price translates $54.48 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 $0.6, beating analysts’ expectations of $0.55 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 $159.32B in revenue.
