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Investment firms boost Walmart shares, as the company beats earnings and revenue forecasts.
Several investment firms have recently increased their stakes in Walmart Inc., including Leigh Baldwin & CO. LLC, Cypress Asset Management Inc., and Sunbeam Capital Management LLC, collectively purchasing millions of dollars in Walmart shares.
Walmart reported earnings per share of $0.61 for the latest quarter, surpassing expectations by $0.03, with revenue reaching $165.61 billion, also exceeding forecasts.
The company has a market cap of $772 billion and a PE ratio of 40.04, with a "Moderate Buy" consensus rating and an average price target of $104.94.
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Las firmas de inversión aumentan las acciones de Walmart, ya que la compañía supera las previsiones de ganancias e ingresos.