Walmart Inc (NYSE:WMT) to Issue $0.53 Quarterly Dividend

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 yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of NYSE WMT opened at $119.28 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. Walmart has a 12-month low of $85.78 and a 12-month high of $125.38. The firm’s 50-day moving average price is $119.08 and its 200-day moving average price is $113.28. The stock has a market capitalization of $338.73 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 4.83 and a beta of 0.36.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Walmart will post 4.97 EPS for the current fiscal year.

In related news, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $119.21, for a total value of $989,443.00. Following the sale, the executive vice president now owns 216,811 shares in the company, valued at approximately $25,846,039.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. 50.22% of the stock is owned by company insiders.

A number of research firms have recently commented on WMT. Oppenheimer upped their price target on shares of Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. UBS Group lifted their price target on shares of Walmart from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Raymond James increased their price objective on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. They noted that the move was a valuation call. Royal Bank of Canada set a $124.00 target price on Walmart and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $115.00 to $125.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company. Walmart currently has a consensus rating of “Buy” and a consensus target price of $124.07.

About Walmart

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.

Featured Story: QQQ ETF

Dividend History for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.