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.
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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.
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