In yesterday’s Wall Street session, Walmart Inc (NYSE:WMT) shares traded at $67.42, up 0.60% from the previous session.
WMT stock price is now 8.11% away from the 50-day moving average and 18.55% away from the 200-day moving average. The market capitalization of the company currently stands at $542.30B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $66 to $81, JP Morgan Upgraded its rating from Neutral to Overweight for Walmart Inc (NYSE: WMT). On May 17, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $68 to quote $70, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, WALTON ALICE L, 10% Owner sold 1,244,347 shares of the company’s stock on Jun 14 ’24. The stock was sold for $82,910,841 at an average price of $66.63. Upon completion of the transaction, the 10% Owner now directly owns 633,518,311 shares in the company, valued at $42.71 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, 10% Owner WALTON JIM C sold 1,244,347 shares of the business’s stock. A total of $82,910,841 was realized by selling the stock at an average price of $66.63. This leaves the insider owning 633,518,311 shares of the company worth $42.71 billion. A total of 46.06% of the company’s stock is owned by insiders.
During the past 12 months, Walmart Inc has had a low of $49.85 and a high of $67.57. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 0.80, and a quick ratio of 0.23. According to the stock market information, the enterprise value for the company is $606425710592, which is based on a 28.80 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for WMT is $62.5126 and a two-hundred day moving average price translates $56.938282 for the stock.
The latest earnings results from Walmart Inc (NYSE: WMT) was released for 2024-04-30. The net profit margin was 2.88% and return on equity was 24.65% for WMT. The company reported revenue of $161.51 billion for the quarter, compared to $152.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.05 percent.
