There’s Something Awry at Walmart Inc (NYSE:WMT) Since Share Price Gets Ahead of Fundamentals

The stock of Walmart Inc (NYSE:WMT) last traded at $59.35, down -1.48% from the previous session.

WMT stock price is now -0.93% away from the 50-day moving average and 7.74% away from the 200-day moving average. The market capitalization of the company currently stands at $478.35B.

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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, McMillon C Douglas, President and CEO sold 29,124 shares of the company’s stock on Apr 25 ’24. The stock was sold for $1,748,325 at an average price of $60.03. Upon completion of the transaction, the President and CEO now directly owns 4,018,650 shares in the company, valued at $238.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Executive Vice President Rainey John D sold 3,000 shares of the business’s stock. A total of $180,782 was realized by selling the stock at an average price of $60.26. This leaves the insider owning 524,613 shares of the company worth $31.14 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 Discount Stores Company, earnings per share came in at 0.49, beating analysts’ expectations of 0.44 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 $159.34B in revenue.

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