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WMT

Walmart Inc. New York Stock Exchange
$146.32
Open: $145.97 High: $147.34 Low: $144.11 Close: $146.25
Range: 2021-01-21 - 2021-01-22
Volume: 10,176,905
Market: Closed
Powered by Finage Stock APIDelayed data
WMT
Walmart Inc. 702 Southwest 8th Street Bentonville AR, 72716 http://www.walmart.com
Walmart Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.
  • CEO: C. Douglas McMillon
  • Employees: 2,300,000
  • Sector: Consumer Defensive
  • Industry: Retail - Defensive
WMT News
Latest news about the WMT
  • IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Walmart Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 23, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Walmart Inc. ("Walmart" or "the Company") (NYSE:WMT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.

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  • WALMART INVESTOR ALERT: Shareholder Lawsuit Filed

    BOSTON, MA / ACCESSWIRE / January 22, 2021 / The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Walmart Inc. The case is currently in the lead plaintiff stage.

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  • Walmart Says It Is Gearing Up for COVID-19 Vaccine Rollout

    The retailer said it is preparing to provide between 10 million and 13 million doses a month when vaccine supplies increase.

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  • Dow Jones Stocks To Buy And Watch In January 2021: Apple, Microsoft Hit New Buy Points

    Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in January 2021.

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  • ROSEN, TOP RANKED INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Walmart Inc. - WMT

    New York, New York--(Newsfile Corp. - January 22, 2021) - Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Walmart Inc. (NYSE: WMT) between March 30, 2016 and December 22, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Walmart investors under the federal securities laws.To join the Walmart class action, go http://www.rosenlegal.com/cases-register-2014.html or ...

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  • GameStop closes up 51% after chaotic day of trading

    GameStop (GME) shares closed 51% higher at $65.01 each on Friday after an apparent crush on short-sellers.

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  • Imitating Amazon, Walmart Tells Government It Can Perform 10 Million to 13 Million Vaccinations Per Month

    As you've probably heard by now, on Wednesday, Amazon.com (NASDAQ: AMZN) sent a letter to new U.S. President Joe Biden offering "to assist you in reaching your goal of vaccinating 100 million Americans in the first 100 days of your administration." At the same time, with 800,000 workers at its disposal, a vast logistics network, and a host of retail and warehouse properties to work from, Amazon said it was "prepared to move quickly" to help distribute vaccines. Today, Walmart (NYSE: WMT) raised its hand and declared it could do the same.

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  • SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Walmart Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 22, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Walmart Inc. ("Walmart" or "the Company") (NYSE:WMT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.

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  • Lore Leaves Unfinished Business At Walmart

    By the summer of 2016, it had become apparent the U.S. retail terrain had shifted beneath Walmart Inc.'s (NYSE: WMT) feet. The brick-and-mortar model it dominated for decades had already begun to lose momentum. As traditional retail was descending, e-tail was thriving, dominated not by Walmart but by Amazon.com Inc. (NASDAQ: AMZN)Walmart had nearly 4,600 U.S. stores but no coherent online strategy. It didn't offer free deliveries for any online orders. It had a 2.6% share of U.S. e-commerce retail sales, compared with Amazon's 31.5% share, according to research firm eMarketer. Walmart had become a square peg in a round retail hole, and it needed to pivot fast.The pivot took the form of hiring Marc Lore, a superstar e-commerce executive with a penchant for thinking big. Walmart paid dearly to get Lore, forking over $3.3 billion in September 2016 to buy Jet.com, a 30-month-old startup founded by Lore. Walmart didn't necessarily want Jet — it would absorb the company and shut down the brand four years later — but it coveted Lore, his cadre of top executives and Jet's information technology. Nearly five years later, the great experiment has come to an end. Lore, who committed to Walmart for a minimum of five years, will leave his full-time role as head of U.S. e-commerce at the end of January, a number of months earlier than planned. Effective Feb. 1, Lore will become a strategic adviser to Walmart. In an interview with technology publication Recode where he disclosed the news, Lore, 49, said his next mission is to build a "city of the future" that will combine the best qualities of global cities and nations, and be supported by a "reformed version of capitalism." He didn't offer  details in the interview, which ran last Friday.Brittain Ladd, an e-commerce consultant who has known Lore for years, strongly hinted that the project will involve a wholesale transformation of the grocery and restaurant industries, which, despite some progress in embracing digital processes, operate in much the same way they have for decades."Marc understands better than most people that the grocery stores and restaurants operating today were built for another era," Ladd said in an email earlier this week. Lore, Ladd said, "has the ability to design a business model that aligns technology and infrastructure to accelerate commerce to meet customer demand, reduce costs and complexity, and improve the customer experience."Walmart President and CEO Doug McMillon confirmed Lore's departure in an email last Friday, telling employees the company was fine with the accelerated exit because the structural changes Lore championed had mostly been completed. Perhaps the biggest change was the combination last year of Walmart's e-commerce and physical store divisions into an omnichannel model led by U.S. CEO John Farmer, who will assume Lore's current role. The project, developed by Lore, was the culmination of a multiyear effort by Walmart, and would not have been broached until the company had properly scaled its e-commerce business, McMillon said.Lore leaves Walmart with a solid track record but with unfinished business that, given his entrepreneurial bent, will have to be completed without him. Lore is credited with laying the groundwork for a sustainable e-commerce business that wasn't there when he arrived. Walmart's share of U.S. retail e-commerce sales more than doubled to 5.8% as of September 2020, according to eMarketer. (Amazon's market share stood at 39% in September, according to the data).Lore shepherded a service, called Walmart+, offering free unlimited same-day deliveries of groceries and next-day and two-day deliveries of general merchandise for $98 a year subscription, a lower price point than Amazon Prime's $119-a-year fee. Walmart expanded the program last September to offer free next-day and two-day deliveries of general merchandise regardless of the order's cost. The $35 minimum order charge was retained for grocery orders.During Lore's tenure, Walmart began to leverage its 4,748 U.S. stores for fulfillment operations. It expanded its online product assortment to 80 million items from 10 million. Walmart today offers a portfolio of same-day, next-day and two-day delivery service. Four years ago, it didn't offer free two-day delivery. Lore also took steps to grow Walmart's online share of its grocery business, where much of its current online growth lies. Not every grocery venture went smoothly, however; according to Ladd, Walmart killed Lore's pet project of delivering online grocery orders to the residence with no one home. Walmart also blocked Lore from moving forward with an ambitious plan to erect a network of online shopping warehouses to better compete with Amazon.Marc Wulfraat, founder of supply chain research and consultancy MWPVL International, agreed that Walmart needed brand-name leadership to gain e-commerce traction at a critical time. However, Wulfraat said the $3.3 billion price tag for Jet.com was too steep, and the results under Lore's stewardship were inconclusive. "For the same money, Walmart could have opened 11 or 12 $300 million automated fulfillment centers in major U.S. cities and it would have had something concrete to show for their investment," he said.Ladd said he would give Lore a "B" grade for his efforts at Walmart. The company still significantly lags Amazon in market share, Ladd said. In addition, acquisitions of online-native digital brands like Bonobos, ModCloth and Eloquii took Walmart in the wrong direction of focusing on niche markets, he said. Ladd, whose mindset falls into the "go-big-or-go-home" category, said a blow-doors move is exactly what Walmart should pursue in a post-Lore world. Acquiring online grocery picker, packer and delivery firm Instacart should be considered, he said. Partnering with delivery giant FedEx Corp. (NYSE: FDX) to acquire Canadian online platform Shopify (NASDAQ: SHOP) should be looked at, as should a merger with home improvement behemoth Home Depot Inc. (NYSE: HD) to create a massive network of e-commerce fulfillment sites, he said."Walmart must still make a big move in e-commerce," Ladd said. "The fact that Lore is gone doesn't change that."Satish Jindel, founder and president of logistics consultancy ShipMatrix, said Walmart should feel fortunate that a successful serial entrepreneur like Lore stayed as long as he did given Walmart's deeply entrenched corporate culture. "He laid the foundation," Jindel said. "Now it's up to the company."See more from Benzinga * Click here for options trades from Benzinga * Biden Signs Executive Order To Strengthen COVID Supply Chains * Buttigieg: Raising Gas Tax 'On The Table' To Pay For Infrastructure(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Walmart Stock Could Rise More Than 35% if Everything Falls Into Place

    Jefferies analyst Stephanie Wissink says the retailing giant’s subscription service Walmart+ and potential TikTok ownership could strengthen its digital platform and customer loyalty.

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  • ROCE Insights For Walmart

    Walmart (NYSE:WMT) posted Q3 earnings of $5.78 billion, an increase from Q2 of 4.64%. Sales dropped to $134.71 billion, a 2.2% decrease between quarters. In Q2, Walmart earned $6.06 billion, and total sales reached $137.74 billion.Why ROCE Is Significant Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q3, Walmart posted an ROCE of 0.07%.Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.View more earnings on WMTROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows Walmart is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth.In Walmart's case, the positive ROCE ratio will be something investors pay attention to before making long-term financial decisions.Q3 Earnings Recap Walmart reported Q3 earnings per share at $1.34/share, which beat analyst predictions of $1.18/share.See more from Benzinga * Click here for options trades from Benzinga * Unusual Options Activity Insight: Walmart(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • WMT Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Walmart Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm

    NEW YORK, NY / ACCESSWIRE / January 22, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Walmart Inc. ("Walmart" or "the Company") (NYSE:WMT) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Walmart securities between March 30, 2016 and December 22, 2020, inclusive (the "Class Period").

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  • When Vaccines Roll Out in the U.S., Walmart Stands Ready to Serve

    Over the past year, our associates have risen to the challenge of serving our customers in new ways. Today, at the dawn of the most significant vaccine rollout of our lifetimes, Walmart again stands ready to serve.

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  • Walmart To Offer Seven-Day COVID Vaccine Service At U.S. Pharmacies

    Walmart said that, "at full capacity, we expect we will be able to deliver 10-13 million doses per month when supply and allocations allow."

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  • Walmart (WMT) Rallies About 25% in a Year: Will Growth Continue?

    Walmart (WMT) has been benefiting from rising demand amid the pandemic. The company's robust efforts to strengthen store and digital operations have been working well.

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  • Walmart expands vaccinations in boost to U.S. COVID-19 program

    Walmart Inc said it is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, expanding beyond the two states where its pharmacists are offering inoculations. The move from the world's largest retailer comes as U.S. President Joe Biden races to accelerate a frustratingly slow vaccination campaign that has stranded about half of the nearly 40 million shots distributed in freezers rather than in arms. This week and next, Walmart will start providing inoculations in Georgia, Indiana, Louisiana, Maryland, New Jersey, South Carolina and Texas as well as in Chicago and Puerto Rico, a company spokeswoman told Reuters late on Thursday.

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  • ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Files First Securities Class Action Lawsuit Against Walmart Inc. - WMT

    Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Walmart Inc. (NYSE: WMT) between March 30, 2016 and December 22, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Walmart investors under the federal securities laws.

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  • Amazon stock price target raised to $4,000 at BofA

    Amazon (AMZN) stock has room to grow, with the e-commerce giant’s cloud service likely to be a positive driver in 2021, according to one BofA analyst. Justin Post raised his price target on the stock to $4,000 from $3,650, while maintaining a Buy rating. Shares were trading 2% higher during Thursday’s session.

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  • Shopify’s Walmart Deal Is Helping Both Retailers. Investors Should Take a Closer Look.

    Investors playing the online shopping boom might want to pay more attention to the Walmart and Shopify partnership.

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  • 2 Big Fintech Stories to Watch

    In this episode of Industry Focus: Financials, Fool.com contributor Matt Frankel, CFP, and host Jason Moser look at fourth-quarter earnings from Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), and Citigroup (NYSE: C).

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