WMT - Walmart Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
110.79
-1.12 (-1.00%)
As of 3:14PM EDT. Market open.
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Previous Close111.91
Open111.62
Bid111.09 x 800
Ask111.12 x 1200
Day's Range110.13 - 111.90
52 Week Range85.78 - 115.49
Volume3,997,155
Avg. Volume5,852,309
Market Cap316.274B
Beta (3Y Monthly)0.67
PE Ratio (TTM)25.05
EPS (TTM)4.42
Earnings DateNov 14, 2019
Forward Dividend & Yield2.12 (1.89%)
Ex-Dividend Date2019-12-05
1y Target Est118.33
Trade prices are not sourced from all markets
  • Amazon Inks Deal for Possible Stake in India’s Future Retail
    Bloomberg

    Amazon Inks Deal for Possible Stake in India’s Future Retail

    (Bloomberg) -- Amazon.com Inc. struck a deal that gives it the right to eventually buy a stake in India’s Future Retail Ltd., as the U.S. giant seeks to bolster its presence in one of the world’s fastest-growing retail markets.Amazon.Com NV Investment Holdings LLC agreed to buy 49% of Future Coupons Ltd., Future Retail said in a filing Thursday. The deal gives Amazon the option to buy all or part of Future Coupons’ shareholding in Future Retail, though that won’t be exercisable until between three and 10 years.The terms of the agreement weren’t disclosed. The Indian company said earlier this month that Future Coupons held warrants that would give it a 7.3% stake in the listed entity.People familiar with the matter said last week that Amazon was in late-stage talks to acquire as much as 10% of Future Retail, with the Indian company seeking a valuation of about 20 billion rupees ($278 million) for the stake.“Amazon has agreed to invest in Future Coupons Limited, which is engaged in developing innovative value-added payment products and solutions such as corporate gift cards, loyalty cards, and reward cards primarily for corporate and institutional customers,” the Seattle-based company said in an emailed response to Bloomberg. “This investment will enhance Amazon’s existing portfolio of investments in the payments landscape in India.”Shares of Future Retail fell 4.6% in Mumbai on Friday while the main S&P BSE Sensex index gained.Amazon’s AmbitionsThe link-up with India’s No. 2 retailer by revenue underscores Amazon’s ambitions in the country, after losing ground in China. India’s modern retail market will more than double to $188 billion by 2023 from $79 billion last year, according to consultant Technopak Advisors.Amazon is in a battle for India’s consumers with rival Walmart Inc., which spent $16 billion last year to acquire e-tailer Flipkart, and the e-commerce venture of Mukesh Ambani, Asia’s richest man, that plans to combine online and offline retail formats in India.Amazon has been acquiring small stakes in other Indian brick-and-mortar chains in the past few years, such as Shoppers Stop Ltd. and a grocery chain from the Aditya Birla Group.Mumbai-based Future Retail operates more than 2,000 stores across 400 Indian cities, including the “Big Bazaar” stores that are designed to appeal to value-conscious urban consumers.The deal with Amazon will help the Indian retailer adapt better in the highly competitive sector, local brokerage Edelweiss Securities Ltd. said in a note on Friday.“Players opting for omni-channel platform will ace the game,” Edelweiss said, adding that it was essential for Future Retail “to join hands with a global player to bolster it financially as well as technologically.”(Adds Amazon response)\--With assistance from P R Sanjai and Saritha Rai.To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Jeff Sutherland, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • David Einhorn: Elon Musk Should Resign over Solar Fires
    Market Realist

    David Einhorn: Elon Musk Should Resign over Solar Fires

    Greenlight Capital’s (GLRE) David Einhorn has called for Elon Musk to resign from Tesla (TSLA) in the wake of Walmart's solar panel fire lawsuit.

  • Tesla Critic David Einhorn Wants Elon Musk to Resign Over Solar Controversy
    Bloomberg

    Tesla Critic David Einhorn Wants Elon Musk to Resign Over Solar Controversy

    (Bloomberg) -- It only took 12 hours for hedge fund investor David Einhorn, a well-known Tesla Inc. critic, to wade into the controversy over the company’s solar systems.He called on Tesla Chief Executive Officer Elon Musk to resign after a Business Insider report overnight showed the company tried to replace faulty parts in its rooftop solar panel systems as part of an effort known as Project Titan. Earlier this week, Walmart Inc. sued Tesla, saying panels that the company’s energy unit installed caught fire on at least seven of its stores.“How many solar panels are still defective and could cause fires?” Einhorn said in a tweet Friday. “A recall should have happened long ago.”Tesla has proactively implemented a “remediation effort” to limit the impact a part known as a connector may have had, it said in an emailed statement. The company is unaware of any equipment manufacturer or regulator which has determined that substantial hazards exist. Over the past year, less than 1% of sites with such connectors have exhibited abnormal behavior, it said.Its efforts include “replacing any faulty H4 connector at sites or adding failure detection hardware, and issuing a software update to ensure systems are turned off in case of failure,” Tesla said.Einhorn’s tweet isn’t all that surprising given his short position in the company and how much his fund has profited from it. In April, he said “the wheels are falling off” for Tesla and has blasted the company’s electric-car business too.Late Thursday, Walmart said it and Tesla are in discussions to address the solar-system issue.(Updates with Tesla comment in fourth paragraph.)To contact the reporter on this story: Brian Eckhouse in New York at beckhouse@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Pratish Narayanan, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon Prime: Integral Part of Amazon’s Success Story
    Market Realist

    Amazon Prime: Integral Part of Amazon’s Success Story

    CIRP estimates that Amazon Prime members spend $1,400 per year on Amazon’s e-commerce platform—much higher than non-Prime members' $600 annual spending.

  • Amazon's Future Coupons Deal to Aid Indian Retail Footprint
    Zacks

    Amazon's Future Coupons Deal to Aid Indian Retail Footprint

    Amazon (AMZN) agrees to acquire 49% stake in Future Coupons, through which it will be entitled to snap up a minority share in Future Retail.

  • This High-Quality REIT Just Hit a Bargain-Basement Price
    The Motley Fool

    This High-Quality REIT Just Hit a Bargain-Basement Price

    It's the perfect time to start loading up on SmartCentres REIT (TSX:SRU.UN) for the long-term.

  • Motley Fool

    Target Soars 19% On Earnings

    Target's quarterly report was pretty good, and the market gave shareholders a whopper of a reward for it.

  • Zacks Earnings Trends Highlights: Wal-Mart, Target, Nordstrom and Macy's
    Zacks

    Zacks Earnings Trends Highlights: Wal-Mart, Target, Nordstrom and Macy's

    Zacks Earnings Trends Highlights: Wal-Mart, Target, Nordstrom and Macy's

  • Walmart, Tesla look to address issues surrounding solar systems
    Reuters

    Walmart, Tesla look to address issues surrounding solar systems

    In the lawsuit, Walmart accused Tesla of having untrained workers putting up shoddy installations and showing "utter incompetence or callousness, or both," and asked for the removal of solar panels from more than 240 of Walmart's U.S. stores.

  • Walmart Lawsuit Threatens to Undermine Tesla’s Bid to Reboot Solar Unit
    Bloomberg

    Walmart Lawsuit Threatens to Undermine Tesla’s Bid to Reboot Solar Unit

    (Bloomberg) -- Walmart Inc.’s lawsuit against Tesla Inc. over fires at more than a half-dozen stores threatens to undermine the automaker’s latest bid to reboot its struggling solar unit.In the complaint Tuesday, the retailer said it had leased or licensed roof space at more than 240 stores to Tesla’s energy unit, formerly known as SolarCity, to install and operate solar systems. As of November, fires had broken out atop at least seven of the stores, Walmart said, prompting all of the solar systems to be disconnected.The suit marks another high-profile headache for Tesla’s solar unit, which has lost much of its market share as it repeatedly rejiggers its strategy. The complaint, filed in New York state court, accuses the company of shoddy installations and “widespread, systemic negligence.” It comes days after Tesla Chief Executive Officer Elon Musk announced a “relaunch” of the unit that once led the rooftop solar industry.“The disagreement with Walmart could spook customers that Tesla is trying to bring back,” Hugh Bromley, a New York-based analyst at BloombergNEF, said in an interview Wednesday.Late Thursday, Tesla and Walmart said in a joint statement they are in discussions to address the issue. Each company plans to provide an update on the litigation, they said.In a July 29 letter to Walmart, a lawyer for Tesla said the company had tried to resolve the matter amicably. “My client continues to prefer a business solution to this dispute, but Walmart’s conduct has put the parties on a collision course for litigation,” the attorney for Tesla, Fred Norton, wrote in the letter, which was filed with the court.The automaker’s attorney, in that letter, said the power not generated from the solar systems had contributed to at least $13.7 million in damages (not including lost incentives), a figure that increases by at least $37,400 daily.On Sunday, Musk announced that his Palo Alto, California-based company is now offering to rent solar panels to customers without long-term contracts. The move harks back to the no-money-down leases the unit popularized back when it was a standalone company.Tesla bought SolarCity Corp. for $2.6 billion in 2016, then shifted away from leases to prioritize outright sales. It also ceased door-to-door marketing, ended a partnership with Home Depot Inc. and cut jobs. The company recently shifted to offering standardized panel systems online, rather than customized arrays.Installations have fallen in the last seven of 10 quarters since Tesla bought SolarCity. Last month the company reported its fewest quarterly installations to date: 29 megawatts. It has also struggled to ramp up production of its sleek solar roof shingles that Musk unveiled with fanfare in 2016.Now, the solar unit faces a new challenge: Walmart.Walmart’s inspectors found Tesla “failed to abide by prudent industry practices in installing, operating and maintaining its solar systems,” according to the breach-of-contract complaint. Many of the panels had defects that could be seen by the naked eye or were easily identifiable with proper equipment, Walmart said.“This is the culmination of inattention being paid to the business,” Joe Osha, an analyst at JMP Securities, said in an interview Wednesday.The case is Walmart Inc. v. Tesla Energy Operations, New York State Supreme Court, New York County.(Updates with companies’ statement in fifth paragraph.)\--With assistance from Matthew Boyle.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;Chris Dolmetsch in Federal Court in Manhattan at cdolmetsch@bloomberg.net;Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, ;Lynn Doan at ldoan6@bloomberg.net, Reg Gale, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Walmart’s Fire Suit May ‘Spook’ Solar Customers Tesla Wants
    Bloomberg

    Walmart’s Fire Suit May ‘Spook’ Solar Customers Tesla Wants

    (Bloomberg) -- Walmart Inc.’s lawsuit against Tesla Inc. over fires at more than a half-dozen stores threatens to undermine the automaker’s latest bid to reboot its struggling solar unit.In the complaint Tuesday, the retailer said it had leased or licensed roof space at more than 240 stores to Tesla’s energy unit, formerly known as SolarCity, to install and operate solar systems. As of November, fires had broken out atop at least seven of the stores, Walmart said, prompting all of the solar systems to be disconnected.The suit marks another high-profile headache for Tesla’s solar unit, which has lost much of its market share as it repeatedly rejiggers its strategy. The complaint, filed in New York state court, accuses the company of shoddy installations and “widespread, systemic negligence.” It comes days after Tesla Chief Executive Officer Elon Musk announced a “relaunch” of the unit that once led the rooftop solar industry.“The disagreement with Walmart could spook customers that Tesla is trying to bring back,” Hugh Bromley, a New York-based analyst at BloombergNEF, said in an interview Wednesday.Late Thursday, Tesla and Walmart said in a joint statement they are in discussions to address the issue. Each company plans to provide an update on the litigation, they said.In a July 29 letter to Walmart, a lawyer for Tesla said the company had tried to resolve the matter amicably. “My client continues to prefer a business solution to this dispute, but Walmart’s conduct has put the parties on a collision course for litigation,” the attorney for Tesla, Fred Norton, wrote in the letter, which was filed with the court.The automaker’s attorney, in that letter, said the power not generated from the solar systems had contributed to at least $13.7 million in damages (not including lost incentives), a figure that increases by at least $37,400 daily.On Sunday, Musk announced that his Palo Alto, California-based company is now offering to rent solar panels to customers without long-term contracts. The move harks back to the no-money-down leases the unit popularized back when it was a standalone company.Tesla bought SolarCity Corp. for $2.6 billion in 2016, then shifted away from leases to prioritize outright sales. It also ceased door-to-door marketing, ended a partnership with Home Depot Inc. and cut jobs. The company recently shifted to offering standardized panel systems online, rather than customized arrays.Installations have fallen in the last seven of 10 quarters since Tesla bought SolarCity. Last month the company reported its fewest quarterly installations to date: 29 megawatts. It has also struggled to ramp up production of its sleek solar roof shingles that Musk unveiled with fanfare in 2016.Now, the solar unit faces a new challenge: Walmart.Walmart’s inspectors found Tesla “failed to abide by prudent industry practices in installing, operating and maintaining its solar systems,” according to the breach-of-contract complaint. Many of the panels had defects that could be seen by the naked eye or were easily identifiable with proper equipment, Walmart said.“This is the culmination of inattention being paid to the business,” Joe Osha, an analyst at JMP Securities, said in an interview Wednesday.The case is Walmart Inc. v. Tesla Energy Operations, New York State Supreme Court, New York County.(Updates with companies’ statement in fifth paragraph.)\--With assistance from Matthew Boyle.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;Chris Dolmetsch in Federal Court in Manhattan at cdolmetsch@bloomberg.net;Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, ;Lynn Doan at ldoan6@bloomberg.net, Reg Gale, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What's Next for Tesla Stock After Walmart Sues Over Solar Panel Fires?
    Zacks

    What's Next for Tesla Stock After Walmart Sues Over Solar Panel Fires?

    It seems like every few months Tesla (TSLA) is in the news for a scandal or some production issue. TSLA has also been a hot stock for young investors and people searching for massive growth potential from a firm in game-changing industry.

  • Q2 Earnings Season Scorecard
    Zacks

    Q2 Earnings Season Scorecard

    Q2 Earnings Season Scorecard

  • Time to Deliver: How Walmart Approaches Last-Mile Convenience Around the World
    Business Wire

    Time to Deliver: How Walmart Approaches Last-Mile Convenience Around the World

    To cut this time down, more and more of Walmart’s U.S. customers find themselves taking advantage of online shopping options like pickup and delivery. Walmart Canada’s recent announcement to expand grocery delivery with Instacart demonstrates how quickly customers are responding to time-saving innovations in markets across the globe. “Customers around the world are kind of the same,” said JP Suarez, EVP and Chief Administration Officer for Walmart International.

  • Walmart CEO Responds To Employee’s Petition To Stop Selling Guns
    SAY

    Walmart CEO Responds To Employee’s Petition To Stop Selling Guns

    Walmart CEO Doug McMillon has responded to a petition calling on his company to stop selling guns in the wake of two mass shootings at the retailer’s stores. Walk Out After the death of 22 people in a mass shooting at an El Paso, Texas Walmart earlier this month, as well as a concurrent shooting in Dayton, Ohio, there has been renewed calls for Walmart to stop selling guns. Thomas Marshall, a Walmart e-commerce employee based in San Bruno, California, recently organized a walk out of 30 employees to protest the company’s continued sale of firearms, and he also organized a petition that earned more than 129,000 signatures, which he e-mailed to McMillon with a plea: "Customers no longer feel as safe as they once did in our stores. We must do more. We have the power to do more." The petition asks Walmart to stop selling guns and ammunition, ban people from carrying guns onto company property, and also to cease donating to politicians who accept money from the National Rifle Association. Reply All McMillon responded to the petition and e-mail, saying he appreciates that he and the other signees care about safety. He said that sales and profit “are not driving our decisions here,” and that the company is considering additional steps to react to the mass shooting epidemic. It might not surprise you to learn he didn’t promise to ban the sale of guns in his stores. Do Something Initially, McMillon expressed his grief and shock in response to the mass shootings, but that wasn’t enough for a lot of people, as Walmart has so far declined to stop selling guns altogether, though the retailer did stop selling handguns in 1993, military-style semi-automatic rifles in 2015, and, following the Parkland, Florida mass-shooting last year, announced it would raise the minimum age to purchase guns and ammunition in its stores from 18 to 21. But many critics think the company needs to do more, and the petition is being seen as yet more proof that the public is increasingly calling on business leaders to address the social problems that lawmakers seem unwilling to tackle, as President Donald Trump has again backed away from promises to pass gun reform following pressure from the National Rifle Association. -Michael Tedder Photo: Rick Wilking / REUTERS

  • Fed Updates, Manufacturing Worries, Target Shines & Buy Alibaba Stock - Free Lunch
    Zacks

    Fed Updates, Manufacturing Worries, Target Shines & Buy Alibaba Stock - Free Lunch

    Fed and manufacturing news, retail updates, including Target's (TGT) impressive report, why Alibaba (BABA) is a Zacks Rank 1 (Strong Buy) stock, and more on this episode of Free Lunch here at Zacks.

  • What's Behind Target's Strong E-Commerce Growth?
    Motley Fool

    What's Behind Target's Strong E-Commerce Growth?

    The retailer's online sales are a key part of its overall growth, but can the company keep it up?

  • Factbox: Walmart and Tesla fought in private long before solar lawsuit
    Reuters

    Factbox: Walmart and Tesla fought in private long before solar lawsuit

    Walmart hired SolarCity to install solar panel systems on at least 244 of its stores. Tesla bought SolarCity in 2016, and Walmart alleges that Tesla did not fix the problems it inherited and was negligent itself. Tesla has not responded to requests for comment or filed a response to the lawsuit.

  • Are Retailers Proving Trump Right about the Economy?
    Market Realist

    Are Retailers Proving Trump Right about the Economy?

    Amid pessimism, retailers such as Target, Walmart, Costco, and Lowe’s are putting up stellar performances. Is Trump right to dismiss recession concerns?

  • Zacks

    Strong Retail Earnings Overshadow Yield Inversion: 5 Picks

    Strong earnings results from several retailers boosted investors' confidence on risky assets like equities.

  • E-Commerce Gathers Steam in India: AMZN, WMT, BABA in Focus
    Zacks

    E-Commerce Gathers Steam in India: AMZN, WMT, BABA in Focus

    India's e-commerce market is rapidly growing and becoming competitive with players striving to gain an edge.