Walmart (WMT) Stock Powers Higher, Surging Over 3% Mid-Morning
Walmart Inc. (NYSE: WMT) shares saw significant gains in morning trading, pushing higher as the session progressed. As of 11:57 AM EDT, the retail giant’s stock was trading at
84.56∗∗,representingasubstantialincreaseof∗∗2.77, or +3.38%, for the day.
The positive momentum was evident from the market open. WMT began the trading day at $83.32, already well above its previous closing price of $81.79. Throughout the morning, the stock navigated a range between $83.02 and a high of $86.24, indicating strong buying interest shortly after the opening bell.
Trading volume approached 16 million shares (15,987,254) by late morning, tracking towards its average daily volume of approximately 22 million shares. This activity supports an intraday market capitalization for Walmart standing impressively at $677.865 billion.
From a valuation standpoint, Walmart’s trailing twelve months (TTM) Price-to-Earnings (PE) ratio is currently 35.09, with an Earnings Per Share (EPS TTM) of $2.41. The stock exhibits a Beta (5Y Monthly) of 0.69, suggesting lower volatility compared to the broader market over the past five years.
Income investors note Walmart’s forward dividend stands at $0.94 per share, yielding 1.13%. The ex-dividend date is listed as May 9, 2025. Looking ahead, market participants anticipate Walmart’s next earnings announcement around May 15, 2025, while the consensus 1-year target estimate for the stock sits at $107.73.
