In yesterday’s Wall Street session, Walmart Inc (NYSE:WMT) shares traded at $84.99, up 0.93% from the previous session.
WMT stock price is now 5.17% away from the 50-day moving average and 24.31% away from the 200-day moving average. The market capitalization of the company currently stands at $683.17B.
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With the price target of $95, Bernstein recently initiated with Outperform rating for Walmart Inc (NYSE: WMT). On October 14, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $81 to quote $90, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Rainey John D, Executive Vice President sold 3,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $246,368 at an average price of $82.12. Upon completion of the transaction, the Executive Vice President now directly owns 378,165 shares in the company, valued at $32.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, President and CEO McMillon C Douglas sold 29,124 shares of the business’s stock. A total of $2,411,298 was realized by selling the stock at an average price of $82.79. This leaves the insider owning 3,843,929 shares of the company worth $326.7 million. A total of 45.84% 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 $85.54. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 0.80, and a quick ratio of 0.22. According to the stock market information, the enterprise value for the company is $743854964736, which is based on a 44.16 price-to-earnings ratio, a 4.91 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for WMT is $80.8132 and a two-hundred day moving average price translates $68.369934 for the stock.
The latest earnings results from Walmart Inc (NYSE: WMT) was released for 2024-07-31. The net profit margin was 2.34% and return on equity was 18.97% for WMT. The company reported revenue of $169.34 billion for the quarter, compared to $161.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.77 percent. For the current quarter, analysts expect WMT to generate $167.65B in revenue.
