Walmart Inc. (WMT) To Go Ex-Dividend on August 21st

Walmart Inc. (NASDAQ:WMT) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, August 21st will be given a dividend of 0.2475 per share by the retailer on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st.

Walmart has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 53 years. Walmart has a dividend payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Walmart to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 30.4%.

Walmart Stock Performance

Shares of WMT stock opened at $115.20 on Wednesday. Walmart has a fifty-two week low of $95.42 and a fifty-two week high of $135.15. The stock’s 50-day moving average is $114.15 and its two-hundred day moving average is $121.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. The firm has a market cap of $916.77 billion, a P/E ratio of 40.42, a PEG ratio of 4.30 and a beta of 0.61.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Analysts predict that Walmart will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group restated a “buy” rating on shares of Walmart in a research report on Tuesday, August 4th. Truist Financial set a $140.00 price objective on Walmart in a report on Thursday, May 21st. Freedom Capital upgraded Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Evercore reissued an “outperform” rating on shares of Walmart in a report on Monday, May 18th. Finally, Oppenheimer downgraded Walmart from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.50.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.