Walmart Inc. (WMT) Monthly Report
Publication Date: September 22, 2024

Company Overview
Walmart Inc. (WMT), based in Bentonville, Arkansas, is a dominant global retail and eCommerce powerhouse, operating within the Consumer Defensive sector. Established in 1945, Walmart is structured into three key segments: Walmart U.S., Walmart International, and Sam’s Club. The corporation offers a vast array of retail formats, including supercenters, supermarkets, and discount stores. With total revenues hitting approximately $665 billion, Walmart caters to diverse customer needs, from groceries to consumer electronics, while also providing health services and digital payment solutions. Its stock has been publicly traded since August 31, 1982, solidifying its position in the Discount Stores industry. Analysts currently recommend a “buy” due to Walmart’s solid market standing, with a target high price forecast of $90.00, indicating potential for growth.

Market Performance and Trends
As of September 2024, Walmart’s stock price stands at approximately $79.06, situated below the target mean price of $80.79 and significantly lower than the estimated high of $90.00. This suggests that investors might find an opportunity for upward mobility in the stock. With a total of 8,038,249,984 shares outstanding, only around 42,742,494 shares are being shorted, marking a short interest of approximately 0.0099% of the float. This low short percentage reflects a generally optimistic investor sentiment toward Walmart. The current price is notably below its fifty-two week high of $81.02, indicating significant resistance levels as it approaches this peak. Additionally, the fifty-day moving average, set at $73.2752, supports a bullish trend since the current share price is above this average.

Analyst Insights and Recommendations
Analyst consensus on Walmart is bullish, with a mean target price of $80.79 and a median price at $81.00. Out of 35 analysts, the recommendation key reflects a solid “buy” status with a mean score of 1.8, showcasing strong faith in the stock’s potential for appreciation. The projected trading range is between a low of $70.00 and the aforementioned high of $90.00, emphasizing the potential for substantial gains even as the stock approaches its yearly peak. While there remains a gap in available data regarding EBITDA, the current financial performance and market position suggest Walmart’s resilience and ability to benefit from the increasing consumer shift toward cost-effective shopping options amidst economic uncertainties.

In summary, Walmart Inc. remains a sound investment opportunity with positive market indicators and a robust operational framework. The company’s strong revenue performance and favorable analyst outlook position it well as a reliable option for investors looking to navigate the current economic climate.