Walmart (WMT) Issues Earnings Results

Walmart (NYSE:WMT) issued its quarterly earnings data on Thursday. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06, Bloomberg Earnings reports. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. Walmart updated its FY 2019 guidance to $4.75-4.85 EPS and its FY19 guidance to $4.75-4.85 EPS.

NYSE:WMT traded down $1.47 during midday trading on Friday, hitting $98.07. The stock had a trading volume of 4,430,576 shares, compared to its average volume of 9,461,101. Walmart has a one year low of $81.78 and a one year high of $109.98. The stock has a market cap of $304.95 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 4.24 and a beta of 0.35. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70.

In related news, insider Daniel J. Bartlett sold 2,883 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $96.25, for a total value of $277,488.75. Following the transaction, the insider now owns 86,381 shares of the company’s stock, valued at $8,314,171.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 881,158 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the completion of the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The disclosure for this sale can be found here. In the last three months, insiders sold 9,604,734 shares of company stock worth $917,811,416. 51.11% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. bought a new stake in Walmart during the 2nd quarter valued at $111,000. Amussen Hunsaker Associates LLC bought a new stake in Walmart during the 2nd quarter valued at $152,000. ELM Advisors LLC bought a new stake in Walmart during the 3rd quarter valued at $152,000. Berman Capital Advisors LLC bought a new stake in Walmart during the 3rd quarter valued at $158,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Walmart during the 3rd quarter valued at $162,000. 29.37% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on WMT shares. Goldman Sachs Group restated a “neutral” rating and set a $100.00 price objective on shares of Walmart in a research report on Wednesday, October 17th. JPMorgan Chase & Co. upped their price objective on Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. Credit Suisse Group set a $103.00 price objective on Walmart and gave the company a “hold” rating in a research report on Thursday. MKM Partners decreased their price objective on Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. Finally, UBS Group increased their price target on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Walmart currently has an average rating of “Hold” and an average target price of $103.92.

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About Walmart

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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Earnings History for Walmart (NYSE:WMT)

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