Shares of Walmart Inc. (NYSE:WMT - Free Report) are scheduled to split on the morning of Monday, February 26th. The 3-1 split was announced on Tuesday, January 30th. The newly created shares will be payable to shareholders after the market closes on Monday, February 26th.
Walmart Trading Down 0.1 %
NYSE WMT opened at $169.28 on Friday. Walmart has a 1-year low of $136.09 and a 1-year high of $170.66. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $159.72 and a 200-day moving average of $160.32. The firm has a market cap of $455.74 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.32 and a beta of 0.49.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The company had revenue of $160.80 billion during the quarter, compared to analyst estimates of $159.65 billion. During the same quarter in the previous year, the company posted $1.50 EPS. Walmart's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart will post 6.46 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have commented on WMT. StockNews.com lowered Walmart from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 17th. Truist Financial increased their target price on Walmart from $168.00 to $170.00 and gave the stock a "hold" rating in a research report on Friday, November 17th. Evercore ISI decreased their target price on Walmart from $187.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, November 17th. BMO Capital Markets decreased their target price on Walmart from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Friday, November 17th. Finally, Stifel Nicolaus increased their target price on Walmart from $169.00 to $171.00 and gave the stock a "hold" rating in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.44.
Check Out Our Latest Stock Report on Walmart
Insider Buying and Selling
In related news, EVP John D. Rainey sold 1,000 shares of the firm's stock in a transaction on Friday, December 1st. The stock was sold at an average price of $154.06, for a total value of $154,060.00. Following the transaction, the executive vice president now directly owns 166,735 shares of the company's stock, valued at approximately $25,687,194.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 1,000 shares of the firm's stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $154.06, for a total transaction of $154,060.00. Following the sale, the executive vice president now directly owns 166,735 shares of the company's stock, valued at $25,687,194.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the firm's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $162.90, for a total value of $712,687.50. Following the sale, the executive vice president now directly owns 260,242 shares in the company, valued at $42,393,421.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,438,607 shares of company stock valued at $1,008,963,347. 46.51% of the stock is owned by company insiders.
Institutional Investors Weigh In On Walmart
A number of institutional investors and hedge funds have recently bought and sold shares of the business. LCM Capital Management Inc grew its position in shares of Walmart by 1.3% during the second quarter. LCM Capital Management Inc now owns 9,456 shares of the retailer's stock valued at $1,486,000 after purchasing an additional 124 shares in the last quarter. Legacy Capital Group California Inc. grew its position in shares of Walmart by 15.0% during the second quarter. Legacy Capital Group California Inc. now owns 7,065 shares of the retailer's stock valued at $1,111,000 after purchasing an additional 924 shares in the last quarter. SeaTown Holdings Pte. Ltd. grew its position in Walmart by 26.6% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer's stock worth $40,398,000 after acquiring an additional 53,000 shares in the last quarter. High Net Worth Advisory Group LLC grew its position in Walmart by 3.7% in the third quarter. High Net Worth Advisory Group LLC now owns 6,562 shares of the retailer's stock worth $1,050,000 after acquiring an additional 235 shares in the last quarter. Finally, Railway Pension Investments Ltd grew its position in Walmart by 28.0% in the third quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer's stock worth $122,668,000 after acquiring an additional 167,800 shares in the last quarter. 33.18% of the stock is owned by institutional investors.
About Walmart
(
Get Free Report)
Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
