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St. Louis Trust Co. increased Walmart holdings, company beats earnings estimates despite high P/E ratio.
St. Louis Trust Co. has increased its holdings in Walmart by 3,411 shares, totaling 18,411 shares valued at $1.6 million.
Walmart reported earnings of $0.61 per share, exceeding estimates by $0.03, with a quarterly revenue of $165.61 billion.
Despite insider selling and a price-to-earnings ratio of 40.60, analysts maintain a "Moderate Buy" rating with a target price of $106.67.
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St. Louis Trust Co. aumentó las tenencias de Walmart, la compañía supera las estimaciones de ganancias a pesar de la alta relación P/E.