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Why Walmart Inc (WMT) Stock Could See Much Higher Prices Ahead

Walmart Inc (NYSE: WMT) is 13.91% higher on its value in year-to-date trading and has touched a low of $48.34 and a high of $61.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WMT stock was last observed hovering at around $60.41 in the last trading session, with the day’s loss setting it -0.55%.

Currently trading at $59.86, the stock is -0.05% and -0.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.5 million and changing -0.91% at the moment leaves the stock 7.92% off its SMA200. WMT registered 17.32% gain for a year compared to 6-month gain of 8.06%.

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The stock witnessed a -0.12% loss in the last 1 month and extending the period to 3 months gives it a 6.17%, and is -1.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.28% over the week and 1.44% over the month.

Walmart Inc (WMT) has around 2100000 employees, a market worth around $482.46B and $648.12B in sales. Current P/E ratio is 31.29 and Fwd P/E is 23.10. Profit margin for the company is 2.39%. Distance from 52-week low is 23.84% and -2.91% from its 52-week high. The company has generated returns on investments over the last 12 months (11.19%).

The EPS is expected to grow by 6.73% this year.

Walmart Inc (WMT) Top Institutional Holders

The shares outstanding are 8.05B, and float is at 4.33B with Short Float at 0.78%.

Walmart Inc (WMT) Insider Activity

The most recent transaction is an insider sale by Rainey John D,the company’sExecutive Vice President. SEC filings show that Rainey John D sold 3,000 shares of the company’s common stock on May 01 ’24 at a price of $59.08 per share for a total of $0.18 million. Following the sale, the insider now owns 0.52 million shares.

Walmart Inc disclosed in a document filed with the SEC on Apr 25 ’24 that McMillon C Douglas (President and CEO) sold a total of 29,124 shares of the company’s common stock. The trade occurred on Apr 25 ’24 and was made at $60.03 per share for $1.75 million. Following the transaction, the insider now directly holds 4.02 million shares of the WMT stock.

Still, SEC filings show that on Apr 01 ’24, Rainey John D (Executive Vice President) disposed off 3,000 shares at an average price of $60.26 for $0.18 million. The insider now directly holds 524,613 shares of Walmart Inc (WMT).

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