Walmart Inc (NYSE:WMT) announced a quarterly dividend on Wednesday, February 20th, Wall Street Journal reports. Investors of record on Friday, December 6th will be given a dividend of 0.53 per share by the retailer on Thursday, January 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, December 5th.
Shares of Walmart stock opened at $119.28 on Tuesday. Walmart has a 12-month low of $85.78 and a 12-month high of $125.38. The firm has a market capitalization of $338.73 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 4.83 and a beta of 0.36. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. The stock’s fifty day moving average is $119.08 and its 200-day moving average is $113.28.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The company had revenue of $126.98 billion during the quarter, compared to analyst estimates of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Analysts expect that Walmart will post 4.97 EPS for the current year.
Several research analysts recently weighed in on WMT shares. Credit Suisse Group restated a “neutral” rating and set a $115.00 price target (up from $105.00) on shares of Walmart in a report on Friday, November 15th. Jefferies Financial Group increased their price target on Walmart from $127.00 to $137.00 and gave the company a “buy” rating in a research report on Friday, November 15th. They noted that the move was a valuation call. KeyCorp reissued an “overweight” rating and issued a $138.00 price objective (up previously from $128.00) on shares of Walmart in a research report on Friday, November 15th. Goldman Sachs Group set a $125.00 target price on Walmart and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $125.00 in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $124.07.
In other Walmart news, SVP David Chojnowski sold 3,680 shares of Walmart stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $119.21, for a total value of $989,443.00. Following the completion of the sale, the executive vice president now owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The disclosure for this sale can be found here. Insiders own 50.22% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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