Walmart (NYSE:WMT – Get Rating) updated its FY 2023 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.75-$5.88 for the period, compared to the consensus earnings per share estimate of $5.73. The company issued revenue guidance of $593.31 billion-$593.31 billion, compared to the consensus revenue estimate of $597.24 billion. Walmart also updated its Q3 2023 guidance to $1.29-$1.32 EPS.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Walmart from $145.00 to $155.00 and gave the company a buy rating in a research report on Wednesday, August 17th. Stifel Nicolaus boosted their target price on shares of Walmart from $145.00 to $149.00 and gave the company a hold rating in a research report on Wednesday, August 17th. UBS Group boosted their target price on shares of Walmart from $152.00 to $158.00 in a research report on Wednesday, August 17th. Telsey Advisory Group boosted their target price on shares of Walmart from $145.00 to $160.00 and gave the company an outperform rating in a research report on Wednesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $142.00 to $162.00 and gave the company a buy rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $151.29.
Walmart Price Performance
Ad Legacy Research
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast
He predicted the 2020 crash a month before it happened…He predicted this year’s collapse back in January…
And now, he’s issuing a brand-new warning – along with a unique solution.
NYSE WMT traded up $0.41 during trading hours on Friday, hitting $136.84. 5,368,557 shares of the company’s stock traded hands, compared to its average volume of 8,683,641. Walmart has a 52-week low of $117.27 and a 52-week high of $160.77. The company has a market capitalization of $371.42 billion, a PE ratio of 27.31, a PEG ratio of 4.22 and a beta of 0.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.24. The firm’s 50-day moving average is $130.91 and its 200-day moving average is $136.31.
Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings data on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The company had revenue of $152.86 billion during the quarter, compared to analysts’ expectations of $149.96 billion. During the same quarter in the prior year, the company earned $1.78 EPS. Walmart’s revenue was up 8.4% compared to the same quarter last year. Equities analysts forecast that Walmart will post 5.85 EPS for the current fiscal year.
Insider Activity at Walmart
In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $127.05, for a total value of $1,233,401.40. Following the transaction, the chief executive officer now directly owns 1,507,454 shares in the company, valued at approximately $191,522,030.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 931,768 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total value of $130,475,473.04. Following the transaction, the insider now directly owns 285,607,867 shares in the company, valued at approximately $39,993,669,616.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the completion of the transaction, the chief executive officer now owns 1,507,454 shares in the company, valued at $191,522,030.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,152,124 shares of company stock valued at $297,159,579. Corporate insiders own 47.06% of the company’s stock.
Hedge Funds Weigh In On Walmart
Several large investors have recently made changes to their positions in WMT. Power Corp of Canada purchased a new stake in Walmart during the 1st quarter worth approximately $44,000. Covestor Ltd increased its stake in Walmart by 31.7% during the 1st quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after buying an additional 280 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new stake in Walmart during the 1st quarter worth approximately $203,000. Connors Investor Services Inc. purchased a new stake in Walmart during the 1st quarter worth approximately $213,000. Finally, Delphia USA Inc. purchased a new stake in Walmart during the 1st quarter worth approximately $214,000. 31.26% of the stock is currently owned by institutional investors and hedge funds.
Walmart Company Profile
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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Featured Stories
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.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/dURrhtm
via IFTTT
No comments:
Post a Comment