WMT - Walmart Inc.

NYSE - NYSE Delayed Price. Currency in USD
107.68
-2.72 (-2.46%)
At close: 4:01PM EST

108.93 +1.25 (1.16%)
After hours: 7:53PM EST

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Previous Close110.40
Open107.69
Bid108.00 x 1000
Ask108.98 x 900
Day's Range104.37 - 108.52
52 Week Range95.00 - 125.38
Volume17,358,770
Avg. Volume5,646,655
Market Cap305.508B
Beta (5Y Monthly)0.40
PE Ratio (TTM)20.75
EPS (TTM)5.19
Earnings DateMay 18, 2020
Forward Dividend & Yield2.16 (1.96%)
Ex-Dividend DateMar 18, 2020
1y Target Est128.38
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  • Vienna accountant buys former Leesburg Walmart
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    Vienna accountant buys former Leesburg Walmart

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  • Benzinga

    Walmart To Launch Amazon Prime Competitor Service Next Month: Report

    Walmart Inc. (NYSE: WMT ) is planning to launch a subscription-based service similar to Amazon.com Inc.'s (NASDAQ: AMZN ) Prime, Recode reported Thursday. What Happened The veteran Arkansas-based retailer ...

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  • MarketWatch

    Walmart creating a membership program called Walmart+

    Walmart Inc. confirmed Thursday that it's creating a membership program called Walmart+. The company declined any further detail about the program. However, a Recode report says the program, which could start testing soon, will be a competitor to Amazon.com Inc.'s Prime program, which includes one-day delivery, access to Prime Video, and other perks. Walmart has been making major changes recently to its e-commerce capabilities, folding the Jet.com staff into its e-commerce arm and ending the Jetblack personal shopping service. Walmart stock has gained 14.7% over the last year while the Dow Jones Industrial Average has gained 1.2% over the period.

  • TheStreet.com

    Walmart Poised to Launch Amazon Prime Competitor Amid Fight for Online Sales

    The world's largest brick-and-mortar retailer is gearing up to do a public test run of a new membership service called Walmart+.

  • Walmart Stock Falls 3%
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    Investing.com - Walmart (NYSE:WMT) Stock fell by 3.02% to trade at $110.35 by 15:59 (20:59 GMT) on Thursday on the NYSE exchange.

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  • Walmart Expands Amazon Fight With Big Move To Woo Third-Party Sellers
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    Walmart debuted fulfillment services to attract third-party sellers as the Dow Jones giant steps up its battle with Amazon. Shares rose slightly.

  • Business Wire

    Walmart to Present at Both the Raymond James Institutional Investors Conference and the UBS Global Consumer and Retail Conference

    Walmart Inc. (NYSE: WMT) announced today that Brett Biggs, executive vice president and chief financial officer, will participate at the Raymond James 41st Annual Institutional Investors Conference Wednesday, March 4 at 10:25 a.m. EST and the UBS Global Consumer and Retail Conference Thursday, March 5 at 9:45 a.m. EST. Both sessions will be webcast live through the "Events" link at stock.walmart.com. Transcripts of these sessions will be made available and archived on the company’s website.

  • Walmart in talks with possible buyers for Asda stake
    Reuters

    Walmart in talks with possible buyers for Asda stake

    Walmart , the world's largest retailer, is in talks with possible buyers of a stake in its British supermarket Asda, which it failed to combine with Sainsbury's last year. Asda and Walmart said in a joint statement on Wednesday that discussions with "a small number" of suitors followed "inbound interest" but no decisions had been taken. In common with its traditional big four British rivals - market leader Tesco , Sainsbury's and Morrisons - Asda has been losing market share to German-owned discounters Aldi and Lidl, which are still opening lots of new stores.

  • Amazon Merchants Spooked by Coronavirus Fallout Curtail Ad Spending
    Bloomberg

    Amazon Merchants Spooked by Coronavirus Fallout Curtail Ad Spending

    (Bloomberg) -- Chuck Gregorich, who sells China-made patio furniture on Amazon.com Inc., expects to lose as much as $2 million in sales this year due to factory closings and other coronavirus-related slowdowns. So he’s cutting his ad spending on Amazon and thinking about raising prices to avoid running out of inventory. The sudden shift in sales tactics by merchants like Gregorich threatens Amazon’s fastest-growing and profitable revenue source.“If we’re going to run out, why not run out at full price,” he says. “We have to make sure the sales we have are as profitable as they can be."Amazon merchants spent about 6% less on advertising over the past two weeks than they did a year ago, says Daniel Knijnik, who runs Quartile Digital, a New York firm that helps manage Amazon advertising for 2,300 brands selling goods on the site. Many of them are small outfits forced to react more quickly than big brands selling to the likes of Walmart Inc. and Target Corp., he says, because they lack the inventory stockpiles and alternative suppliers their larger counterparts can draw on.Amazon’s advertising sales are a small piece of overall revenue, but they help the company offset the huge costs of storing and shipping millions of products. In the holiday quarter, what Amazon calls "other" revenue—most of which is advertising—totaled $4.78 billion, up 41% from a year earlier.Like many of its tech industry peers, Amazon started 2020 predicting strong sales growth. Now mounting fears of a pandemic and the related economic fallout has put those rosy projections in question. Amazon’s shares had dipped 5.9% by the Tuesday close and were up less than 1% at midday Wednesday. The falloff in advertising could be a harbinger of worse news to come.Amazon last month forecast sales of $69 billion to $73 billion in the current quarter and has not adjusted that outlook in response to the coronavirus. Apple Inc. warned that it is likely to miss its sales forecast for the current quarter due to the outbreak, which disrupted smartphone production and forced store closings in China.  “We are monitoring developments related to COVID-19 and taking appropriate steps as needed,” Amazon said in an email, using the official name for the virus.The company is taking other measures to soften any virus impact for smaller sellers. As previously reported by Business Insider, Amazon on Feb. 7 advised merchants that they could put their accounts in “vacation status” to avoid getting penalized by its algorithms if they suspected items would run out of stock. It also instructed merchants to cancel any customer orders they would not be able to fulfill.“If your performance metrics have been impacted by this event, please include a brief description of how your business was impacted when you respond to the relevant performance notification,” Amazon said in a notice. “We will consider this unforeseen event when we evaluate your account’s recent performance.”More than half of the items sold on Amazon come from independent merchants like Gregorich, who pay the company a commission only when shoppers buy their goods. That puts Amazon in a very different position than traditional retailers when reacting to supply-chain disruptions. Walmart and Target remain in constant contact with their wholesale suppliers about postponing delivery deadlines and finding alternative sources for products to keep shelves stocked. Amazon has those relationships as well, but has less direct contact with smaller merchants.Its marketplace is largely managed by machine, with algorithms deciding in real time which products people see. Prices, consumer feedback, advertising and the speed of delivery all factor into the calculation. Amazon’s algorithms can punish merchants whose products sell out by making it harder for shoppers to find their wares, giving sellers an incentive to protect their inventory until they can replenish it. Cutting ad spending is the easiest lever for them to pull.“We have reduced our ad spend and have identified the stock level where we’ll increase prices to slow down the rate of sale even more,” says Jerry Kavesh, a Seattle merchant who sells cowboy boots and hats on the site.Mark Looram, managing director of GTO Limited, which oversees factory operations in China and the Asia Pacific region for big importers, expects prices for China-made products to shoot up on Amazon more quickly than at competing retailers that have more control. “One of the major differences with Amazon sellers is that they control their pricing and can increase or decrease depending on market conditions,” he says.Price spikes can attract the attention of regulators. In 2017, after back-to-back hurricanes struck Florida and Texas, Amazon fielded complaints of price-gouging on bottled water.  In fact, the high price reflected the expense of quickly shipping a heavy case of water across the country when local supplies were depleted. It was an example of how Amazon’s machines, designed to help match supply with demand, lack the judgment of a human touch.So far, there haven’t been reports of virus-related shortages of essentials in the U.S. Instead, merchants are facing delays in replenishing inventory of things like dog treats, wine refrigerators and patio umbrellas. With no clear answers about when China will be back to full production, sellers are trying to stretch out what they have until new supplies roll in. Even with those adjustments, some merchants have already run out of stock.“I have clients in various categories that are getting crushed because of the coronavirus,” says Dan Brownsher, who runs Channel Key, a Las Vegas e-commerce consulting business with more than 50 customers who sell products on Amazon. “What was supposed to ship in February or March now won’t be shipped until April. We have items out of stock that won’t be back until April.”Virus-related disruptions will be most immediate to those selling spring and summer seasonal goods like inflatable pool toys and patio umbrellas, which could push any impact on Amazon into the second quarter.Gregorich might have to hold off introducing a new line of patio furniture until next year. He ordered 14 containers of products from a Chinese factory, which recently refunded his deposit because it can’t complete the order in time. He’s keeping in touch with the factory in case it can make part of the order before the outdoor furniture selling season ends in the summer.“We told the factory to let us know where they are and maybe get a partial order in the summer and still make some sales so we don't miss the whole season,” he says. “We’re going to miss that product this year.”(Updates shares. A previous version of this story was corrected to show that the note Amazon sent to merchants was previously reported by Business Insider.)To contact the author of this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Walmart Explores Selling a Stake in U.K. Grocer Asda
    Bloomberg

    Walmart Explores Selling a Stake in U.K. Grocer Asda

    (Bloomberg) -- Walmart Inc. is exploring the sale of a stake in its U.K. grocery business Asda amid interest from potential investors, nearly a year after a merger with rival J Sainsbury Plc fell apart, people with knowledge of the matter said.Asda has attracted interest from suitors including private equity firms, the people said, asking not to be identified because the information is private. Walmart is working with an adviser and has recently started a formal process for the stake sale, the people said.Walmart, the world’s largest retailer, plans to keep a significant minority holding in the U.K. business after any deal, one of the people said. The companies confirmed in a statement they’re considering whether there’s an opportunity for third-party investment in Asda, alongside Walmart, after receiving approaches.“Together, we are in discussions with a small number of interested parties who share Walmart and Asda’s commitment and passion to growing the business,” the two companies said in an emailed statement in response to Bloomberg queries. No final decisions have been made, and Walmart “firmly believes” an initial public offering remains an attractive long-term objective for Asda, they said.U.K. antitrust authorities last year blocked Walmart’s plan to combine Asda with Sainsbury in a 7.3 billion-pound ($9.4 billion) deal, saying it would lead to higher prices and less choice for shoppers. Walmart has since been exploring a potential listing of the business.Walmart has brought in partners for some other international businesses. In China, it bought a stake in e-commerce operator JD.com Inc. in 2016 and folded its own online marketplace into the Beijing-based company’s operations. It sold control of its Brazilian unit to buyout firm Advent International in 2018 and took over Indian online retailer Flipkart in a $16 billion deal.Grocers in the U.K. have been struggling as the more established chains lose customers to discounters like Aldi and Lidl. They’ve been cutting jobs and selling assets to help counter the downturn.Tesco Plc, Britain’s largest grocery chain, is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia, which could fetch more than $7 billion, Bloomberg News reported this month. Wm Morrison Supermarkets Plc expanded its alliance with Amazon.com Inc. last year to offer groceries in more cities across the U.K.Asda’s total sales fell 1.3% in the last three months of 2019 after customers cut back on spending for Christmas. Consumers are “highly budget conscious” and “previously seen trends of growth” are starting to slow, Asda Chief Executive Officer Roger Burnley said this month.(Updates with moves by other U.K. grocers from seventh paragraph. An earlier version of this story corrected the description of the size stake being sold in the third paragraph)\--With assistance from Deirdre Hipwell.To contact the reporters on this story: Dinesh Nair in London at dnair5@bloomberg.net;David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Eric PfannerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Walmart takes on Amazon Prime
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    Walmart takes on Amazon Prime

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