In today’s recent session, 13.33 million shares of the Walmart Inc (NYSE:WMT) have been traded, and its beta is 0.52. Most recently the company’s share price was $86.96, and it changed around $2.88 or 3.43% from the last close, which brings the market valuation of the company to $699.01B. WMT at last check was trading at a discount to its 52-week high of $85.79, offering almost 1.35% off that amount. The share price’s 52-week low was $49.85, which indicates that the recent value has risen by an impressive 42.67% since then. We note from Walmart Inc’s average daily trading volume that its 10-day average is 15.19 million shares, with the 3-month average coming to 14.57 million.
Walmart Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.42. If we narrow it down even further, the data shows that 1 out of 55 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 15 recommended WMT as a Hold, whereas 25 deemed it a Buy, and 1 rated it as Underweight. Walmart Inc is expected to report earnings per share of 0.65 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 3.43% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 87.62 on recent trading dayincreased the stock’s daily price by 0.75%. The company’s shares are currently up 65.48% year-to-date, but still up 2.32% over the last five days. On the other hand, Walmart Inc (NYSE:WMT) is 7.61% up in the 30-day period. We can see from the shorts that 31.7 million shares have been sold at a short interest cover period of 2.59 day(s).
The consensus price target as assigned by Wall Street analysts is $87, which translates to bulls needing to increase their stock price by 0.05% from its current value. Analyst projections state that WMT is forecast to be at a low of $28 and a high of $190.
Walmart Inc (WMT) estimates and forecasts
Walmart Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 33.48 percent over the past six months and at a 9.91% annual growth rate that is well above the industry average of 4.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.76% in revenue this quarter, and will report an increase of 7.07% in the next quarter. The year-over-year growth rate is expected to be 4.98%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 179.85B in revenue for the current quarter. 9 analysts expect Walmart Inc to make 165.46B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 171.91B and 159.94B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.61%. Forecasts for the next quarter put sales growth at 3.45%.
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 10.55% in 2024, but the outlook is positive 9.00% per year for the next five years.
WMT Dividends
Walmart Inc’s next quarterly earnings report is expected to be released on 2024-Nov-19. The annual dividend yield of the stock is 1.37 percent and its annual dividend per share was 1.19. It is important to note, however, that the 1.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.52 per year.
Walmart Inc (NYSE:WMT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 46.38% of Walmart Inc shares, and 35.56% of them are in the hands of institutional investors. The stock currently has a share float of 66.32%. Walmart Inc stock is held by 4160.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.1282% of the shares, which is about 412.97 million shares worth $27.96 billion.
BLACKROCK INC., with 3.687% or 296.91 million shares worth $20.1 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
