Wal-Mart Stores Inc (WMT) Declares $0.52 Quarterly Dividend

Wal-Mart Stores Inc (NYSE:WMT) announced a quarterly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Friday, May 11th will be paid a dividend of 0.52 per share by the retailer on Monday, June 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 10th.

Wal-Mart Stores has increased its dividend by an average of 2.1% per year over the last three years and has raised its dividend every year for the last 43 years. Wal-Mart Stores has a payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wal-Mart Stores to earn $4.91 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 41.5%.

Shares of Wal-Mart Stores (NYSE WMT) traded down $2.59 during trading on Wednesday, hitting $91.52. 49,470,911 shares of the company traded hands, compared to its average volume of 11,480,213. The company has a market cap of $271,120.00, a price-to-earnings ratio of 28.60, a PEG ratio of 3.74 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores has a 12 month low of $69.33 and a 12 month high of $109.98.

Wal-Mart Stores (NYSE:WMT) last announced 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 company had revenue of $135.15 billion for the quarter, compared to the consensus estimate of $133.63 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. equities research analysts predict that Wal-Mart Stores will post 4.44 EPS for the current year.

In other news, Director S Robson Walton sold 1,169,848 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $96.89, for a total value of $113,346,572.72. Following the transaction, the director now owns 3,345,065 shares in the company, valued at approximately $324,103,347.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,488,039 shares of Wal-Mart Stores stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $97.54, for a total transaction of $145,143,324.06. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $1,024,874,628.96. The disclosure for this sale can be found here. Insiders sold a total of 7,635,405 shares of company stock worth $742,168,245 in the last 90 days. Corporate insiders own 51.39% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Miles Capital Inc. increased its stake in shares of Wal-Mart Stores by 3.1% in the 2nd quarter. Miles Capital Inc. now owns 3,557 shares of the retailer’s stock valued at $269,000 after acquiring an additional 106 shares in the last quarter. San Francisco Sentry Investment Group CA increased its stake in shares of Wal-Mart Stores by 24.3% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 3,564 shares of the retailer’s stock valued at $269,000 after acquiring an additional 696 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Wal-Mart Stores by 6.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,892 shares of the retailer’s stock valued at $252,000 after acquiring an additional 235 shares in the last quarter. Gyroscope Capital Management Group LLC bought a new stake in shares of Wal-Mart Stores in the 2nd quarter valued at $297,000. Finally, Krilogy Financial LLC increased its stake in shares of Wal-Mart Stores by 5.1% in the 2nd quarter. Krilogy Financial LLC now owns 5,186 shares of the retailer’s stock valued at $393,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 30.33% of the company’s stock.

Several brokerages recently issued reports on WMT. Barclays decreased their price target on shares of Wal-Mart Stores from $120.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday. MKM Partners decreased their price target on shares of Wal-Mart Stores from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Wednesday. JPMorgan Chase & Co. set a $98.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 price target (down from $104.00) on shares of Wal-Mart Stores in a report on Wednesday. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.76.

COPYRIGHT VIOLATION NOTICE: “Wal-Mart Stores Inc (WMT) Declares $0.52 Quarterly Dividend” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/21/wal-mart-stores-inc-wmt-declares-0-52-quarterly-dividend.html.

About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

Dividend History for Wal-Mart Stores (NYSE:WMT)

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

Leave a Reply