Walmart Inc (NYSE:WMT) announced a quarterly dividend on Tuesday, February 20th, RTT News reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.52 per share by the retailer on Monday, April 2nd. This represents a $2.08 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Walmart’s previous quarterly dividend of $0.51.
Walmart has increased its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend annually for the last 43 consecutive years. Walmart has a payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Walmart to earn $5.22 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 39.1%.
Shares of Walmart (NYSE:WMT) traded down $0.63 during mid-day trading on Wednesday, reaching $87.67. 11,040,205 shares of the company’s stock traded hands, compared to its average volume of 14,510,000. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. Walmart has a 12-month low of $69.33 and a 12-month high of $109.98. The firm has a market cap of $259,710.00, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.11 and a beta of 0.57.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). The business had revenue of $135.15 billion during the quarter, compared to analyst estimates of $133.63 billion. Walmart had a net margin of 1.97% and a return on equity of 16.85%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. equities analysts expect that Walmart will post 4.92 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo & Co set a $101.00 target price on shares of Walmart and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Jefferies Group set a $105.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Tuesday, November 14th. Goldman Sachs Group reaffirmed a “buy” rating and set a $113.00 target price on shares of Walmart in a report on Friday, February 16th. Finally, Vetr raised shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price for the company in a report on Tuesday, February 20th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.40.
A number of hedge funds have recently added to or reduced their stakes in WMT. Dimensional Fund Advisors LP increased its position in Walmart by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after purchasing an additional 580,373 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Walmart by 63.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 384,728 shares of the retailer’s stock worth $29,117,000 after purchasing an additional 149,608 shares in the last quarter. Evercore Wealth Management LLC increased its position in Walmart by 2.3% during the 2nd quarter. Evercore Wealth Management LLC now owns 29,161 shares of the retailer’s stock worth $2,208,000 after purchasing an additional 660 shares in the last quarter. Veritable L.P. increased its position in Walmart by 0.9% during the 2nd quarter. Veritable L.P. now owns 61,298 shares of the retailer’s stock worth $4,639,000 after purchasing an additional 552 shares in the last quarter. Finally, Huber Capital Management LLC increased its position in Walmart by 18.4% during the 2nd quarter. Huber Capital Management LLC now owns 219,300 shares of the retailer’s stock worth $16,597,000 after purchasing an additional 34,100 shares in the last quarter. Institutional investors and hedge funds own 30.03% of the company’s stock.
Walmart Company Profile
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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