Can Walmart Inc (WMT) Stock Rise to the Top of Consumer Defensive Sector Friday? (2024)

FAQs

Will WMT stock go up? ›

Stock Price Forecast

The 35 analysts offering 12-month price forecasts for Walmart Inc have a median target of 169.00, with a high estimate of 180.00 and a low estimate of 145.00. The median estimate represents a +14.19% increase from the last price of 148.00.

In 2030, the Walmart stock will reach $ 271.90 if it maintains its current 10-year average growth rate. If this Walmart stock prediction for 2030 materializes, WMT stock willgrow 77.59% from its current price.

WMT Financial Forecast

Next quarter's earnings estimate for WMT is $1.31 with a range of $1.25 to $1.40. The previous quarter's EPS was $1.71.

On average, Wall Street analysts predict that Walmart's share price could reach $168.05 by May 22, 2024. The average Walmart stock price prediction forecasts a potential upside of 14.77% from the current WMT share price of $146.42.

For 2023, Walmart expects consolidated net sales to increase between 2.5% and 3%, and for U.S. comp sales to increase between 2% and 2.5%.

Data source: Wal-Mart. If Wal-Mart had never split its stock, it would be trading at over $147,000 per share -- making it too hard for mainstream investors to purchase a single share.

Historical daily share price chart and data for Walmart since 1972 adjusted for splits. The latest closing stock price for Walmart as of June 09, 2023 is 153.09. The all-time high Walmart stock closing price was 156.76 on April 21, 2022.

Walmart Inc quote is equal to 153.090 USD at 2023-06-12. Based on our forecasts, a long-term increase is expected, the "WMT" stock price prognosis for 2028-06-02 is 178.443 USD. With a 5-year investment, the revenue is expected to be around +16.56%. Your current $100 investment may be up to $116.56 in 2028.

Walmart's Dividend Is Well Covered By Earnings

Over the next year, EPS is forecast to expand by 79.0%. Assuming the dividend continues along recent trends, we think the payout ratio could be 31% by next year, which is in a pretty sustainable range.

How many times does Walmart pay dividends? ›

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.3.

WMT pays a dividend of $0.57 per share. WMT's annual dividend yield is 1.49%. When is Walmart ex-dividend date? Walmart's upcoming ex-dividend date is on Dec 06, 2023.

Conclusion: Consider WMT Stock for the Long Term

In the short term, Walmart stock may not be a clear outperformer due to inflationary headwinds. Longer term, however, the stock is poised for significant growth based on growing revenues and margins from its various strategic initiatives, including automation.

Key Points. Walmart posted strong quarterly results, and management raised full-year guidance. Walmart is a stable business that has an impressive history of increasing dividends.

But keeping all the above in mind, we have estimated that walmart stock price prediction/forecast in 2040 could be $340 (First Target) and second target is $370.

Future price of the stock is predicted at 258.54903562344$ (68.887% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 168.887$ on 2024 June 12, Wednesday.

Walmart Inc. - Buy. Zacks' proprietary data indicates that Walmart Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the WMT shares relative to the market in the next few months.

On June 2, 2023, Walmart will lay off 597 workers in Bethlehem, Pennsylvania and 201 employees in Pedrickton, New Jersey. Walmart announced the layoffs in WARN notices, which require employers to notify workers ahead of mass layoffs and plant closings.

In fiscal 2021, which ended on Jan. 31, 2021, Walmart's U.S. stores produced an 8.6% same-store sales (comps) increase. That bodes well for the company in the event of an economic slowdown. Some people were disappointed by management's fiscal 2024 guidance, which called for U.S. comps to increase by 2% to 2.5%.

Why is Walmart closing stores suddenly 2023? ›

Walmart will be closing more stores in 2023, with the number now reaching 23 locations in 12 states and Washington, D.C. The retailer cited financial losses as the reason it closed four stores in the Chicago area last month, as well as the reason it closed the last remaining stores in Portland, Oregon in March.

Walmart has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 24 buy ratings, 5 hold ratings, and no sell ratings.

The Walton family is the largest shareholder of Walmart, holding 50% of the company's shares. The Walton family acquired such high ownership of the company because they are the descendants of Sam Walton, who founded the company. The family received a majority of the shares via inheritance and made additional purchases.

A stock split lowers its stock price but doesn't weaken its value to current shareholders. It increases the number of shares and might entice would-be buyers to make a purchase.

Jim Walton, Alice Walton, and Rob Walton are the top three individual shareholders of Walmart. Walmart's largest institutional investors include the John T. Walton Estate Trust, Vanguard Group, and BlackRock.

“While that is a great opportunity, it wasn't leveraging the assets that Walmart has,” she said. “Our biggest asset is the 4,000 stores that we have across the nation.

Walmart stock (symbol: WMT) underwent a total of 9 stock splits. The most recent stock split occured on April 20th, 1999.

The first offering, on October 1, 1970, was $16.50 per share. Since then, Walmart stock has split two-for-one 11 times. That means a person who bought 100 shares for $1,650 in 1970 would, 40 years later, have 204,800 shares, worth about $17 million.

Walmart's goods may be known for their low prices, but you can't say the same about the grocery-chain's stock. Shares have risen 16% over the past year, giving the stock a premium valuation. Trading at nearly 36 times earnings, Walmart shares don't look overvalued at this level. But they don't look undervalued, either.

What are the 3 dividend stocks to buy and hold forever? ›

Walmart annual common stock dividends paid for 2023 were $-6.558B, a 0.27% decline from 2022. Walmart annual common stock dividends paid for 2022 were $-6.576B, a 0.4% increase from 2021. Walmart annual common stock dividends paid for 2021 were $-6.55B, a 0.8% decline from 2020.

No stock in the S&P 500 has a higher dividend yield than independent oil and gas company Pioneer Natural Resources (PXD).

The closing price for Walmart (WMT) in 1993 was $7.89, on December 31, 1993. It was down 21.7% for the year.

When does Walmart pay dividends? Walmart pays a dividend 4 times a year. Payment months are January, April, May, September. The dividend calendar shows you for more than 1,800 dividend stocks in which month which company distributes its dividends.

As of today (2023-06-11), the Trailing Annual Dividend Yield of Walmart is 1.48%. Warning Sign: Walmart Inc stock dividend yield is close to 10-year low. During the past 13 years, the highest Dividend Yield of Walmart was 3.46%.

It has often been said that WMT is a recession-proof stock (or a bear market stock) as its revenues and sales tend not to take a hit from any kind of economic turmoil. In fact, Wal-Mart's discount products are sometimes more coveted when times are tough.

What is the fair value of Walmart stock? ›

As of 2023-05-23, the Fair Value of Walmart Inc (WMT) is 74.8 USD. This value is based on the Peter Lynch's Fair Value formula.

Walmart shares fell after the company cut its profit expectations as inflation forces shoppers to spend more on food and less on electronics and other discretionary categories. CEO Doug McMillon said aggressive markdowns on items such as clothing are also hurting margins.

Stock Price Forecast

The 35 analysts offering 12-month price forecasts for Walmart Inc have a median target of 169.00, with a high estimate of 180.00 and a low estimate of 145.00. The median estimate represents a +14.65% increase from the last price of 147.40.

According to our price prediction, Walmart stock forecast 2025, we have estimated that the first target of walmart stock will be $170 and second target $177.

Walmart Inc quote is equal to 147.410 USD at 2023-06-02. Based on our forecasts, a long-term increase is expected, the "WMT" stock price prognosis for 2028-05-24 is 174.838 USD. With a 5-year investment, the revenue is expected to be around +18.61%. Your current $100 investment may be up to $118.61 in 2028.

Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Walmart is 'Strong Buy'. Macroaxis provides Walmart buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Walmart positions.

In the last 90 days, 29 of 41 analysts rated WMT stock as either a buy or strong buy. Their average price target for WMT stock is $161, which implies a potential upside of 13% from the closing price on February 24, 2023.

As of 2023-06-12, the Fair Value of Walmart Inc (WMT) is 71.8 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 153.09 USD, the upside of Walmart Inc is -53.1%.

Who holds the most Walmart stock? ›

The Walton family is Walmart's largest shareholder, having approximately 50% of Walmart's shares, worth about $190 billion. Some prominent members of the Walton family are Jim Walton, Rob Walton, Alice Walton, and Lukas Walton.

Cash and value

It has a longer track record of consistently boosting its dividend payout, and management prioritizes those returns. That focus is clear from the fact that Walmart's stock yields nearly twice as much as Costco's.