Walmart (NYSE:WMT – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.40-$6.48 for the period, compared to the consensus earnings per share estimate of $6.48. The company issued revenue guidance of $636.20 billion-$639.23 billion, compared to the consensus revenue estimate of $642.48 billion. Walmart also updated its FY24 guidance to 6.40-6.48 EPS.
Walmart Stock Performance
Shares of WMT stock opened at $169.74 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26. The stock has a market cap of $456.87 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 3.46 and a beta of 0.53. The stock has a 50-day moving average of $162.53 and a 200-day moving average of $157.76. Walmart has a one year low of $136.09 and a one year high of $169.94.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $161.63 billion during the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. Walmart’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. As a group, sell-side analysts expect that Walmart will post 6.45 earnings per share for the current year.
Analysts Set New Price Targets
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, September 1st. The stock was 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 in the company, valued at $27,390,136.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction dated Friday, September 1st. The stock was 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 in the company, valued at $27,390,136.95. The transaction 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 Walmart stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $162.99, for a total value of $1,582,306.92. Following the completion of the transaction, the chief executive officer now owns 1,451,801 shares in the company, valued at approximately $236,629,044.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,166 shares of company stock worth $5,066,701. Company insiders own 46.51% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Parkside Financial Bank & Trust increased its position in Walmart by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 15,876 shares of the retailer’s stock valued at $2,495,000 after acquiring an additional 75 shares during the last quarter. Simplicity Wealth LLC increased its position in Walmart by 1.7% during the fourth quarter. Simplicity Wealth LLC now owns 5,489 shares of the retailer’s stock valued at $778,000 after acquiring an additional 94 shares during the last quarter. Compton Capital Management Inc. RI increased its position in Walmart by 1.6% during the first quarter. Compton Capital Management Inc. RI now owns 6,366 shares of the retailer’s stock valued at $948,000 after acquiring an additional 100 shares during the last quarter. Snider Financial Group increased its position in Walmart by 0.4% in the first quarter. Snider Financial Group now owns 24,517 shares of the retailer’s stock worth $3,651,000 after buying an additional 103 shares in the last quarter. Finally, United Bank increased its position in Walmart by 4.6% in the first quarter. United Bank now owns 2,331 shares of the retailer’s stock worth $344,000 after buying an additional 103 shares in the last quarter. Institutional investors own 33.18% of the company’s stock.
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.
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