Stocks of Walmart Inc (NYSE:WMT) traded higher last session on Wall Street, up 0.15% to $92.64.
WMT stock price is now 11.13% away from the 50-day moving average and 31.48% away from the 200-day moving average. The market capitalization of the company currently stands at $749.69B.
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With the price target maintained at $91, DZ Bank recently Downgraded its rating from Buy to Hold for Walmart Inc (NYSE: WMT). On November 20, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $92 to quote $100, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Moritz Robert Edward Jr., Director bought 5,446 shares of the company’s stock on Nov 27 ’24. The stock was bought for $499,997 at an average price of $91.81. Upon completion of the transaction, the Director now directly owns 7,805 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, President and CEO McMillon C Douglas sold 29,124 shares of the business’s stock. A total of $2,662,994 was realized by selling the stock at an average price of $91.44. This leaves the insider owning 3,814,805 shares of the company worth $353.4 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 $92.64. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 0.85, and a quick ratio of 0.23. According to the stock market information, the enterprise value for the company is $736540164096, which is based on a 38.04 price-to-earnings ratio, a 4.23 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for WMT is $83.0888 and a two-hundred day moving average price translates $70.278336 for the stock.
The latest earnings results from Walmart Inc (NYSE: WMT) was released for 2024-07-31. The net profit margin was 2.92% and return on equity was 23.48% 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.
