What’s happening with Walmart stock on Wednesday? – Walmart (NYSE:WMT)

Walmart Inc. WMT Stocks are trending on Wednesday. The company is expected to release its results on Thursday before the stock market opens.

What you should know: Walmart will report results for the second quarter of fiscal 2024. Analysts estimate earnings per share at 64 cents and revenue at $168.56 billion.

For the previous quarter, Walmart reported earnings per share of 60 cents, beating the analyst estimate of 49 cents. Revenue was $161.50 billion, beating the analyst estimate of $148.86 billion. The company has a history of beating estimates for both earnings per share and revenue.

Changes in analysts: Several analysts have issued adjustments to their price targets in the past week.

• Stifel Analyst Mark Astrakhan Walmart maintained its “Hold” rating and raised its price target from $71 to $73.
• Analyst at Telsey Advisory Group Joe Feldman Walmart maintained an “outperform” rating and a $75 price target.
• Analyst at Wells Fargo Edward Kelly maintained Walmart at “Overweight” and raised the price target from $70 to $75.

How to buy Walmart shares

In addition to acquiring a stock—or a portion of a stock—through a brokerage platform, you can also purchase an exchange-traded fund (ETF) that holds the stock itself, or by pursuing a strategy in your 401(k) plan that aims to acquire shares of a mutual fund or other instrument.

For example at Walmart WMTIn this case, it is the consumer staples sector. An ETF will likely hold shares of many liquid and large companies that track this sector, allowing an investor to participate in the trends in this segment.

See also: What 7 analyst reviews say about Aramark

WMT price promotion: 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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