#4 - Walmart (NYSE:WMT)
Walmart (WMT) Walmart (NYSE:WMT) went up in February even after the company missed on both earnings and revenue estimates in its fourth-quarter earnings report. One reason investors may have shrugged off this disappointing news was that the company’s net income for the fourth quarter was significantly higher on a year-over-year basis.
It’s never a good thing for a company to see a decline in profits. And investors had to be hoping that Walmart stock would get some relief with a pause in the U.S.-China trade war. However, now the coronavirus has to be creating supply chain questions. The stock was basically flat for the year before the market correction began this week. Now the stock is down over 10% for the year.
But, as with many of the stocks in this presentation, you have to expect lower earnings for 2020. With these stocks, it’s the dividend that matters. And Walmart is a solid performer in that area.
WMT stock currently has a dividend yield of 1.99% and pays an annual dividend of $2.12 per share. The company has increased its dividend by an average of 1.92% each year for the past three years and has 45 consecutive years of annual dividend growth.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $64.65
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $67.59 (4.6% Upside)
