What's Going On With Walmart Shares Wednesday?

Walmart Inc. WMT shares are trending on Wednesday. The company is anticipated to release earnings on Thursday before the market opens.

What To Know: Walmart will report earnings for the 2024 fiscal year second quarter. Analysts estimate EPS of 64 cents and revenue of $168.56 billion.

For the previous quarter, Walmart reported EPS of 60 cents beating analysts estimate of 49 cents and revenue of $161.50 billion beating analysts estimate of $148.86 billion. The company has a strong record of beating estimates for both EPS and revenue.

Analyst Changes: Multiple analysts have issued price target adjustments within the past week.

• Stifel analyst Mark Astrachan maintained Walmart with a Hold and raised the price target from $71 to $73.
• Telsey Advisory Group analyst Joe Feldman maintained Walmart with a Outperform and maintained a $75 price target.
• Wells Fargo analyst Edward Kelly maintained Walmart with a Overweight and raised the price target from $70 to $75.

How To Buy Walmart Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Walmart WMT's case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: What 7 Analyst Ratings Have To Say About Aramark

WMT Price Action: At the time of writing, Walmart shares are trading 0.40% higher at $68.40, according to data from Benzinga Pro.

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