Walmart, Inc. (NYSE:WMT – Free Report) – Analysts at Telsey Advisory Group increased their 2024 earnings per share estimates for shares of Walmart in a research note published on Thursday, November 16th. Telsey Advisory Group analyst J. Feldman now expects the company to report full-year earnings of $6.48 per share, up from his previous estimate of $6.46. Telsey Advisory Group currently has an “outperform” rating and a $185.00 price target. Walmart’s current consensus estimate for full-year earnings is $6.44 per share. Telsey Advisory Group also reports that Walmart’s 2024 fourth-quarter earnings are $1.64 EPS, 2025 second-quarter earnings are $1.98, 2025 third-quarter earnings are $1.70, and 2025 fourth-quarter earnings are $1.84 EPS. The company also announced a forecast for full-year profit of $7.13.
Walmart (NYSE:WMT – Get a Free Report) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.53. Walmart’s return on equity was 21.20% and its net profit margin was 2.55%. The company had revenue of $160.8 billion for the quarter, compared to analyst expectations of $159.65 billion. In the same period last year, the company’s EPS was $1.50. Walmart’s sales increased 5.2% from the previous year.
WMT has also been featured in several other research reports. BMO Capital Markets lowered their target price on Walmart from $180.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday. Guggenheim increased their target price on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Trust Financial upped their target price on Walmart from $168.00 to $170.00 and gave the company a “hold” rating in a research report on Friday. Credit Suisse Group increased their target price on Walmart from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Morgan Stanley lowered their target price on Walmart from $170.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday. 4 analysts have rated the stock as a “hold” and 28 analysts have rated it a “buy”. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.00.
See our latest analysis for Walmart
Walmart price performance
WMT stock opened at $155.35 on Monday. His 50 day simple moving average for this company is $162.21 and his 200 day simple moving average is $157.87. Walmart’s 12-month low is $136.09 and 12-month high is $169.94. The stock has a market capitalization of $418.13 billion, a P/E ratio of 25.76x, a PEG ratio of 3.23x, and a beta of 0.53x. The company has a quick ratio of 0.26, a current ratio of 0.85, and a debt-to-equity ratio of 0.49.
Inflow and outflow of institutions
A number of hedge funds have recently purchased and sold shares of WMT. Bank Julius Baer & Co. Ltd Zurich boosted his position in Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the company’s stock worth $129,045,359,000 after acquiring an additional 820,124,410 shares in the last quarter. BlackRock Inc. boosted its position in Walmart by 0.4% in the second quarter. BlackRock Inc. now owns 100,364,767 shares of the company’s stock worth $15,775,334,000 after acquiring an additional 430,215 shares in the last quarter. Geode Capital Management LLC grew its position in Walmart by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 25,499,791 shares of the company’s stock worth $3,995,749,000 after acquiring an additional 394,797 shares in the last quarter. Morgan Stanley boosted its position in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the company’s stock worth $3,852,277,000 after acquiring an additional 426,388 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Walmart by 112,181.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the company’s stock valued at $3,240,599,000 after acquiring an additional 22,834,564 shares in the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.
Insider buying and selling at Walmart
In other Walmart news, EVP John R. Furner sold 4,375 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total transaction of $708,750.00. Following the sale, the executive vice president now owns 269,119 shares of the company’s stock, valued at $43,597,278. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be viewed on the SEC’s website. In other news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Friday, September 1st. The shares were sold at an average price of $161.37, for a total value of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The transaction was disclosed in his SEC filing, which can be accessed through this link. Also, Vice President John R. Farner sold 4,375 shares of Walmart stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total value of $708,750.00. Following the closing, the executive vice president will now own 269,119 shares of the company’s stock, valued at approximately $43,597,278. Disclosures regarding this sale can be found here. Insiders have sold 31,166 shares of company stock, valued at $5,066,701, over the past 90 days. Company insiders own 46.51% of the company’s stock.
About Walmart
(Get Free Report)
Walmart Inc is engaged in retail, wholesale, and other segment operations throughout the world. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands. A members-only warehouse club. E-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com. and mobile commerce applications.
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