Walmart (NYSE:WMT) announced its earnings results on Tuesday. The retailer reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.08, MarketWatch Earnings reports. The company had revenue of $137.74 billion for the quarter, compared to analyst estimates of $137.63 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share.
Walmart stock opened at $99.99 on Tuesday. Walmart has a one year low of $81.78 and a one year high of $106.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81. The firm has a market cap of $296.21 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 4.07 and a beta of 0.32.
A number of equities analysts have recently weighed in on WMT shares. MKM Partners lowered their target price on Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Cowen increased their target price on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Morningstar set a $96.00 target price on Walmart and gave the stock a “sell” rating in a research note on Thursday, November 8th. Credit Suisse Group set a $103.00 target price on Walmart and gave the stock a “hold” rating in a research note on Thursday, November 15th. Finally, KeyCorp increased their target price on Walmart from $107.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $104.62.
In other Walmart news, major shareholder Alice L. Walton sold 387,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $98.70, for a total value of $38,196,900.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,198,027 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $95.20, for a total value of $114,052,170.40. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $642,464,816. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,915,409 shares of company stock worth $841,549,079. Corporate insiders own 51.11% of the company’s stock.
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Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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