Walmart Inc [NYSE: WMT] closed the trading session at $175.86. The company report on February 20, 2024 at 6:32 PM that Amazon.com Set to Join Dow Jones Industrial Average; Uber to Join Dow Jones Transportation Average.
S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Transportation Average (DJTA) effective prior to the open of trading on Monday, February 26:.
Amazon.com Inc. (NASD:AMZN) will replace Walgreens Boots Alliance Inc. (NASD:WBA) in the Dow Jones Industrial Average. Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA. The index change was prompted by DJIA constituent Walmart Inc.’s (NYSE:WMT) decision to split its stock 3:1, which will reduce Walmart’s index weight due to the price weighted construction of the index. Walmart will remain in the DJIA.
The stocks have a year to date performance of 11.55 percent and weekly performance of 3.26 percent. The stock has been moved at 11.35 percent over the last six months. The stock has performed 8.30 percent around the most recent 30 days and changed 12.70 percent over the most recent 3-months.
If compared to the average trading volume of 7.46M shares, WMT reached to a volume of 22690192 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Walmart Inc [WMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WMT shares is $181.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WMT stock is a recommendation set at 1.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Walmart Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 22, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $165 to $168. The new note on the price target was released on August 18, 2023, representing the official price target for Walmart Inc stock. Previously, the target price had yet another raise from $170 to $180, while Credit Suisse kept a Outperform rating on WMT stock. On August 09, 2023, analysts increased their price target for WMT shares from 170 to 175.
The Average True Range (ATR) for Walmart Inc is set at 2.59, with the Price to Sales ratio for WMT stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 5.96, with the Price to Cash per share for the same quarter was set at 3.66. Price to Free Cash Flow for WMT in the course of the last twelve months was 31.31 with Quick ratio for the last quarter at 0.24.
WMT stock trade performance evaluation
Walmart Inc [WMT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.26. With this latest performance, WMT shares gained by 8.30% in over the last four-week period, additionally plugging by 11.35% over the last 6 months – not to mention a rise of 21.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WMT stock in for the last two-week period is set at 77.67, with the RSI for the last a single of trading hit 82.38, and the three-weeks RSI is set at 73.13 for Walmart Inc [WMT]. The present Moving Average for the last 50 days of trading for this stock 161.39, while it was recorded at 170.65 for the last single week of trading, and 158.67 for the last 200 days.
Walmart Inc [WMT]: An insightful look at the core fundamentals
Walmart Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.24 and a Current Ratio set at 0.83.
Earnings per share (EPS) analysis for Walmart Inc [WMT] stock
With the latest financial reports released by the company, Walmart Inc posted 1.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Walmart Inc go to 7.88%.
Walmart Inc [WMT]: Institutional Ownership
The top three institutional holders of WMT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in WMT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in WMT stock with ownership which is approximately 5.8325%.
