Walmart Inc. (NYSE:WMT – Get Free Report) SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Walmart Price Performance
Shares of WMT stock opened at $67.71 on Friday. The firm has a market cap of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The stock has a 50-day moving average price of $64.07 and a 200 day moving average price of $59.35. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.
Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. Research analysts expect that Walmart Inc. will post 2.42 EPS for the current year.
Hedge Funds Weigh In On Walmart
Analyst Upgrades and Downgrades
Several research analysts recently commented on WMT shares. Jefferies Financial Group raised their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Finally, Citigroup lifted their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.
Read Our Latest Research Report on Walmart
Walmart Company Profile
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Recommended Stories
- Five stocks we like better than Walmart
- Most Volatile Stocks, What Investors Need to Know
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Stock Market Upgrades: What Are They?
- MarketBeat Week in Review – 6/24 – 6/28
- How to Invest in Biotech Stocks
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.