Walmart Inc Declares Quarterly Dividend of $0.53 (NYSE:WMT)

Walmart Inc (NYSE:WMT) declared a quarterly dividend on Wednesday, February 20th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 5th.

WMT stock opened at $118.67 on Wednesday. The firm has a 50-day moving average price of $119.04 and a 200-day moving average price of $113.37. Walmart has a 12 month low of $85.78 and a 12 month high of $125.38. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $337.53 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 4.83 and a beta of 0.36.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart will post 4.97 EPS for the current fiscal year.

Several equities research analysts recently commented on WMT shares. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $125.00 in a research report on Thursday, August 15th. Goldman Sachs Group set a $125.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Thursday, November 14th. KeyCorp reaffirmed an “overweight” rating and set a $138.00 price target (up previously from $128.00) on shares of Walmart in a research note on Friday, November 15th. JPMorgan Chase & Co. set a $130.00 price target on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets lifted their price target on shares of Walmart from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the stock. Walmart presently has a consensus rating of “Buy” and an average target price of $124.07.

In other Walmart news, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.22% of the stock is owned by corporate insiders.

Walmart Company Profile

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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Dividend History for Walmart (NYSE:WMT)

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