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Walmart (WMT) Stock Forecast, Price & News

$147.03
+0.61 (+0.42%)
(As of 10:58 AM ET)
Compare
Today's Range
$145.60
$147.29
50-Day Range
$139.52
$153.12
52-Week Range
$117.90
$154.64
Volume
1.53 million shs
Average Volume
6.16 million shs
Market Capitalization
$396.59 billion
P/E Ratio
35.34
Dividend Yield
1.55%
Price Target
$166.13

Walmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
13.0% Upside
$166.13 Price Target
Short Interest
Healthy
0.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.11
Upright™ Environmental Score
News Sentiment
0.29mentions of Walmart in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$2.77 B Sold Last Quarter
Proj. Earnings Growth
10.31%
From $6.21 to $6.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Retail/Wholesale Sector

29th out of 214 stocks

Variety Stores Industry

3rd out of 11 stocks


WMT stock logo

About Walmart (NYSE:WMT) Stock

Walmart Inc. is the world’s biggest company by revenue and its largest employer with over 2.2 million globally. It is a general merchandise discount retailer founded in 1962 by Sam Walton and remains a very tightly-held family-owned company to this day. At last look, the Walton family and its heirs owned more than 50% of the company through the family-holding company Walton Enterprises and individual holdings. As of October 2022, the company operated nearly 10,600 stores in 24 countries under 46 different banners. For example, Walmart de Mexico is the Mexican branch while Flipkart Wholesale is the company’s operations in India.

Sam Walton began his crusade to undercut retail competitors began in the early 1950s. He opened the first Wal-Mart Discount City store in 1962 and was able to leverage the brand to great success. It became a publicly traded company in 1972 and was the US's most profitable retailer by 1988. The chain went nationwide in the early 1990s and expanded to international markets soon after that. While the company has seen some success outside the US, those remain limited, and the US is the primary market and produces well over 60% of the revenue and earnings.

Today, the company operates through three segments that include Walmart U.S., Walmart International, and Sam's Club. The stores offer groceries, health, beauty, apparel, footwear, household, furniture, automotive, electronics and recreational products among others. In addition, the company offers a wide variety of ancillary services that include automotive repair, tire change, vision/eyeglass services and financial services that include gift cards, prepaid wireless, check cashing and money transfers. Sam’s Club, launched in 1989, is the company’s membership club brand. It is the second-largest membership club in North America and about 12% of Walmart’s total revenue.

Walmart is a Dividend Aristocrat with nearly 50 years of consecutive annual dividend increases to its credit. Based on the 2022 financial metrics, the company is capable of sustaining another several decades of increases at a low single-digit pace. Once a laggard in ESG, Walmart is now a leader in environmental, social, and governance issues. The company’s efforts include increasing the efficiency of its truck and vehicle fleets to include the upgrade to electrification or hydrogen fuel cells. In terms of hydrogen fuel cell vehicles alone, the company had upgraded more than 9,500 of its warehouse and facility service machines to fuel cells as of mid-2022 and was also working to electrify its vehicle fleets.

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WMT Stock News Headlines

Hot Inflation, What It Means For The Summer Rally  (WMT)
The PCE Price Index is hotter than expected and may lead to another FOMC rate hike, increased economic pressure, and the hard-landing it's trying to avoid.
Dollar Tree Falls As Theft Cuts Into Bottom Line (WMT)
Dollar Tree had a solid quarter but missed consensus and guided lower, which caused shares to implode. The stock is trading near critical support and may bottom
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
e.l.f. Beauty Has Giant Quarter, Shares Hit New High (WMT)
e.l.f. Beauty is on track for new all-time highs after blow-out results; the question is if the analysts will start hiking their price targets.
Dick’s Sporting Goods Deserves A Higher Price Multiple  (WMT)
Dick's Sporting Goods is an undervalued name that could see a multiple expansion take it to new all-time highs over the next few quarters.
2 Tech Stocks With Upgrades and Positive Outlook (WMT)
These technology companies are harnessing the power of AI to help retailers gain efficiency and unlock sales globally. Analysts are upgrading them both.
Foot Locker And The Ebbing Tide Of Discretionary Spending  (WMT)
Foot Locker's results are a good reason why discretionary names will underperform in the 2nd half of 2023; but this stock may have just priced in the worst.
Good News For Walmart Isn’t So Great For Everybody Else
Walmart may have difficulty moving higher simply because the yield on US treasuries and CDs is so much higher, and the guidance for Q2 is weak.
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
7 Best Retail Stocks to Invest in
Retail stocks allow investors to own stock in businesses where they shop. Learn more about the best retail stocks to invest in on MarketBeat.
B&G Foods' Brand Portfolio May Surprise You (WMT)
Are you familiar with packaged foods manufacturer B&G Foods Inc. (NYSE: BGS)? You've likely experienced some of its brands; learn about investing or trading it.
Walmart (WMT) Receives a Hold from Stifel Nicolaus
Walmart (NYSE:WMT) Updates FY 2024 Earnings Guidance
Walmart Inc. (NYSE:WMT) EVP Sells $975,348.00 in Stock
Walmart (NYSE:WMT) Earns Maintains Rating from 92 Resources
See More Headlines
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WMT Company Calendar

Ex-Dividend for 4/3 Dividend
3/16/2023
Dividend Payable
4/03/2023
Ex-Dividend for 5/30 Dividend
5/04/2023
Last Earnings
5/18/2023
Today
5/30/2023
Dividend Payable
5/30/2023
Next Earnings (Estimated)
8/15/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
Hypermarkets & Super Centers
CUSIP
93114210
Employees
2,100,000
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$166.13
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+13.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
29 Analysts

Profitability

Net Income
$11.68 billion
Pretax Margin
2.70%

Debt

Sales & Book Value

Annual Sales
$611.29 billion
Cash Flow
$10.44 per share
Book Value
$31.06 per share

Miscellaneous

Outstanding Shares
2,697,350,000
Free Float
1,427,976,000
Market Cap
$394.95 billion
Optionable
Optionable
Beta
0.48

Social Links


Key Executives

  • C. Douglas McMillonC. Douglas McMillon
    President, Chief Executive Officer & Director
  • Dacona Smith
    Chief Operating Officer & Executive Vice President
  • John David Rainey
    Chief Financial Officer & Executive Vice President
  • Jerry R. Geisler
    Chief Information Security Officer & Senior VP
  • Suresh Kumar
    EVP, Chief Technology & Development Officer













WMT Stock - Frequently Asked Questions

Should I buy or sell Walmart stock right now?

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Walmart in the last year. There are currently 5 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WMT shares.
View WMT analyst ratings
or view top-rated stocks.

What is Walmart's stock price forecast for 2023?

29 Wall Street analysts have issued 1 year target prices for Walmart's shares. Their WMT share price forecasts range from $135.00 to $180.00. On average, they predict the company's stock price to reach $166.13 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
View analysts price targets for WMT
or view top-rated stocks among Wall Street analysts.

How have WMT shares performed in 2023?

Walmart's stock was trading at $141.79 at the beginning of 2023. Since then, WMT stock has increased by 3.3% and is now trading at $146.42.
View the best growth stocks for 2023 here
.

Are investors shorting Walmart?

Walmart saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,560,000 shares, an increase of 24.2% from the April 30th total of 10,920,000 shares. Based on an average trading volume of 6,620,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the company's shares are sold short.
View Walmart's Short Interest
.

When is Walmart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our WMT earnings forecast
.

How were Walmart's earnings last quarter?

Walmart Inc. (NYSE:WMT) posted its quarterly earnings data on Thursday, May, 18th. The retailer reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.15. The retailer had revenue of $152.30 billion for the quarter, compared to analyst estimates of $147.91 billion. Walmart had a trailing twelve-month return on equity of 21.30% and a net margin of 1.82%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share.
Read the conference call transcript
.

How often does Walmart pay dividends? What is the dividend yield for Walmart?

Walmart declared a quarterly dividend on Friday, February 24th. Investors of record on Friday, December 8th will be given a dividend of $0.57 per share on Tuesday, January 2nd. This represents a $2.28 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for WMT
.

Is Walmart a good dividend stock?

Walmart (NYSE:WMT) pays an annual dividend of $2.28 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMT will have a dividend payout ratio of 33.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMT.

How will Walmart's stock buyback program work?

Walmart announced that its Board of Directors has approved a share buyback program on Tuesday, November 15th 2022, which authorizes the company to repurchase $20,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

What guidance has Walmart issued on next quarter's earnings?

Walmart issued an update on its second quarter 2024 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $1.63-$1.68 for the period, compared to the consensus earnings per share estimate of $1.71. The company issued revenue guidance of $157.44 billion-$157.44 billion, compared to the consensus revenue estimate of $158.21 billion.

What is Doug McMillon's approval rating as Walmart's CEO?

8,426 employees have rated Walmart Chief Executive Officer Doug McMillon on Glassdoor.com. Doug McMillon has an approval rating of 69% among the company's employees. 57.0% of employees surveyed would recommend working at Walmart to a friend.

What other stocks do shareholders of Walmart own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Walmart investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), Intel (INTC), AT&T (T), Alibaba Group (BABA), Home Depot (HD), Verizon Communications (VZ), Cisco Systems (CSCO) and JPMorgan Chase & Co. (JPM).

What is Walmart's stock symbol?

Walmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMT."

Who are Walmart's major shareholders?

Walmart's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (2.23%), Geode Capital Management LLC (0.93%), Price T Rowe Associates Inc. MD (0.61%), FMR LLC (0.54%), Bank of New York Mellon Corp (0.45%) and Charles Schwab Investment Management Inc. (0.40%). Insiders that own company stock include Alice L Walton, Alice L Walton, Bernhard E Spiess, Bradley D Owens, C Douglas Mcmillon, Daniel J Bartlett, David Chojnowski, Jim C Walton, Jim C Walton, John R Furner, Judith J Mckenna, Judith J Mckenna, M Brett Biggs, Marc E Lore, Rachel L Brand, Randall L Stephenson and S Robson Walton.
View institutional ownership trends
.

How do I buy shares of Walmart?

Shares of WMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Walmart's stock price today?

One share of WMT stock can currently be purchased for approximately $146.42.

How much money does Walmart make?

Walmart (NYSE:WMT) has a market capitalization of $394.95 billion and generates $611.29 billion in revenue each year. The retailer earns $11.68 billion in net income (profit) each year or $4.16 on an earnings per share basis.

How many employees does Walmart have?

The company employs 2,100,000 workers across the globe.

Does Walmart have any subsidiaries?
The following companies are subsidiares of Walmart: ASDA Group, ASDA Group Limited, Art.com, Asda, Aspectiva, Bare Necessities, BigTrade, Bompreço, Bonobos, CareZone, Cifra, Cornershop, Distribucion y Servicio, Eloquii, Flipkart, Flipkart Private Limited, FloCare, Jet.com, Massmart, Massmart Holdings Ltd, ModCloth, Moosejaw, Moosejaw Mountaineering, Parcel, Polymorph Labs, Reclip.It, Sam's East, Sam's East Inc., Sam's Property Company, Sam's Real Estate Business Trust, Sam's West, Sam's West Inc., Seiyu Group, Shoes.com, Vudu, Wal-Mart Canada, Wal-Mart Canada Corp., Wal-Mart Japan, Wal-Mart Japan Holdings K.K., Wal-Mart Property Company, Wal-Mart Real Estate Business Trust, Wal-Mart Stores East, Wal-Mart Stores East LP, Wal-Mart Stores Texas, Wal-Mart Stores Texas LLC, Wal-Mart de Mexico, Wal-Mart de Mexico S.A.B. de C.V., Walmart Chile, Walmart Chile S.A., Wim Yogurt, and Yihaodian.
Read More
How can I contact Walmart?

Walmart's mailing address is 702 SOUTHWEST 8TH ST, BENTONVILLE AR, 72716. The official website for the company is www.stock.walmart.com. The retailer can be reached via phone at (479) 273-4000, via email at invrelinq@wal-mart.com, or via fax at 479-277-1830.

This page (NYSE:WMT) was last updated on 5/30/2023 by MarketBeat.com Staff

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