WALMART STORES INC
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Consumer Staples : Food & Staples Retailing | Large Cap Value
Company profile

Walmart Inc is engaged in the operation of retail, wholesale and other units, as well as eCommerce, located throughout the United States, Africa, Canada, Central America, Chile, China, India and Mexico. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States. The Walmart International segment consists of the Company's operations outside of the United States. The Sam's Club segment includes the warehouse membership clubs in the United States. The Company operates approximately 10,500 stores, clubs and eCommerce Websites under 48 banners in 24 countries.

Postmarket

Last Trade
Delayed
$143.88
-0.0601 (-0.04%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$143.94
Day's Change
1.42 (1.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
144.99
Day's Low
141.92
Volume
(Average)
Volume:
7,556,629

10-day average volume:
8,216,739
7,556,629

Walmart stock gains after MKM analyst says buy, saying a more price discerning consumer should be a boon

7:05 am ET November 19, 2021 (MarketWatch)
Print

Shares of Walmart Inc. (WMT) rose 0.7% in premarket trading Friday, after the discount retail giant got a bullish boost from MKM Partners analyst Bill Kirk, who said the company is "doing the most, but getting the least credit." He raised his rating to buy and lifted his stock price target to $166 from $156. Kirk said Walmart has better inventory levels heading into the holidays, trends are accelerating while others are stagnating and is "best positioned" if the consumer becomes more price discerning given food and energy inflation. The stock had slumped 2.6% over the past three days, since Walmart reported fiscal third-quarter earnings that beat expectations, amid concerns over gross margin pressures. MKM's Kirk isn't so concerned, saying Walmart is diversifying away from food pressure, but is still gaining share against grocery peers. "Commentary on widening price gaps and not fully passing on inflation should concern other grocers but will be a boon to Walmart, particularly if the consumer becomes more value-conscious," Kirk wrote in a note to clients. Walmart's stock has slipped 4.6% over the past three months through Friday, while the Dow Jones Industrial Average has gained 2.8%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 19, 2021 07:05 ET (12:05 GMT)

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