In yesterday’s Wall Street session, Walmart Inc (NYSE:WMT) shares traded at $70.38, down -0.52% from the previous session.
WMT stock price is now 5.74% away from the 50-day moving average and 20.18% away from the 200-day moving average. The market capitalization of the company currently stands at $566.10B.
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On July 02, 2024, Stifel reiterated its ‘Hold’ rating on the stock by increasing its target price from $69 to quote $71, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Bartlett Daniel J, Executive Vice President sold 2,398 shares of the company’s stock on Jul 15 ’24. The stock was sold for $166,661 at an average price of $69.50. Upon completion of the transaction, the Executive Vice President now directly owns 463,871 shares in the company, valued at $32.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, Executive Vice President Rainey John D sold 25,578 shares of the business’s stock. A total of $1,728,485 was realized by selling the stock at an average price of $67.58. This leaves the insider owning 390,165 shares of the company worth $27.46 million. A total of 46.38% 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 $71.33. 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 $630234611712, which is based on a 30.07 price-to-earnings ratio, a 3.68 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for WMT is $67.1564 and a two-hundred day moving average price translates $58.9112 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.
