Why Walmart Inc (NYSE: WMT) Stock Should Not Be Taken For Granted By Investors In 2024


In today’s recent session, 3.91 million shares of the Walmart Inc (NYSE:WMT) have been traded, and its beta is 0.50. Most recently the company’s share price was $60.26, and it changed around $0.09 or 0.15% from the last close, which brings the market valuation of the company to $485.26B. WMT at last check was trading at a discount to its 52-week high of $61.65, offering almost -2.31% off that amount. The share price’s 52-week low was $47.82, which indicates that the recent value has risen by an impressive 20.64% since then. We note from Walmart Inc’s average daily trading volume that its 10-day average is 14.36 million shares, with the 3-month average coming to 20.48 million.

Walmart Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.51. If we narrow it down even further, the data shows that 1 out of 32 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 15 recommended WMT as a Hold, whereas 7 deemed it a Buy, and 1 rated it as Underweight. Walmart Inc is expected to report earnings per share of $0.52 for the current quarter.

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Walmart Inc (NYSE:WMT) trade information

Instantly WMT has been showing a green trend so far today with a performance of 0.15% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 14.67% year-to-date, but still down -1.00% over the last five days. On the other hand, Walmart Inc (NYSE:WMT) is 2.82% up in the 30-day period. We can see from the shorts that 33.59 million shares have been sold at a short interest cover period of 1.26 day(s).

The consensus price target as assigned by Wall Street analysts is $162.46, which translates to bulls needing to increase their stock price by 62.91% from its current value. Analyst projections state that WMT is forecast to be at a low of $67 and a high of $205.

Walmart Inc (WMT) estimates and forecasts

Walmart Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.22 percent over the past six months and at a 6.31% annual growth rate that is well below the industry average of 13.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.10% in revenue this quarter, and will report an increase of 3.30% in the next quarter. The year-over-year growth rate is expected to be 3.90%, up from the previous year.

Consensus estimates provided by 25 financial analysts predict the company will bring in an average of $159.32 billion in revenue for the current quarter. 25 analysts expect Walmart Inc to make $167.44 billion in revenue for the quarter ending Jul 2024.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.49%. Walmart Inc earnings are expected to increase by 6.47% in 2024, but the outlook is positive 8.00% per year for the next five years.

WMT Dividends

Walmart Inc’s next quarterly earnings report is expected to be released on May 16. The annual dividend yield of the stock is 1.29 percent and its annual dividend per share was 0.78. It is important to note, however, that the 1.29% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Walmart Inc (NYSE:WMT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 46.63% of Walmart Inc shares, and 34.98% of them are in the hands of institutional investors. The stock currently has a share float of 65.55%. Walmart Inc stock is held by 3,704 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 5.07% of the shares, which is about 136.46 million shares worth $21.45 billion.

Blackrock Inc., with 3.73% or 100.36 million shares worth $15.78 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 46.25 million shares worth $7.27 billion, making up 1.72% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 33.39 million shares worth around $5.25 billion, which represents about 1.24% of the total shares outstanding.