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Walmart (WMT) Stock Forecast, Price & News

+0.16 (+0.10%)
(As of 10/2/2023 ET)
Today's Range
50-Day Range
52-Week Range
4.33 million shs
Average Volume
5.89 million shs
Market Capitalization
$430.89 billion
P/E Ratio
Dividend Yield
Price Target

Walmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
10.7% Upside
$177.22 Price Target
Short Interest
1.10% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.31mentions of Walmart in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$6.20 M Sold Last Quarter
Proj. Earnings Growth
From $6.44 to $7.01 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Retail/Wholesale Sector

37th out of 216 stocks

Variety Stores Industry

4th 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.

WMT Price History

WMT Stock News Headlines

Is the Grinch Stealing This Year's Holiday Season Jobs? (WMT)
Amid rising labor costs and interest rates, as well as a possible Q4 economic slowdown, retailers and logistics companies are using caution in seasonal hiring.
5 Retail Trends to Watch During the Holiday Shopping Season (WMT)
The holiday shopping season is approaching quickly; here are 5 trends shaping the retail environment and which companies are in a position to win
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Walmart Shines As Dollar Tree, Dollar General, Big Lots Stumble
Walmart's stock pullback is part of a broader profit-taking trend, but the stock is outperforming deep discounters Dollar Tree, Dollar General and Big Lots.
3 Stocks That Flourish In The Fall (WMT)
As the leaves fall, Starbucks, TJX, and Target investors often rake in gains, benefiting from those companies' popular autumn seasonal offerings.
5 eCommerce Companies that need to be on Your Watch List (WMT)
Retailers are having a tough time but e-commerce lifestyle names are widening margins and are on track to return to growth.
Name A Better Trio Than These Underrated High Potential Stocks (WMT)
The deal of the decade came before Christmas for investors looking to get high growth for very little risk. Analysts agree that this master play is worth a shot
5 Best REIT Alternatives for Passive Real Estate Income (WMT)
REITs can offer passive income opportunities for many investors, but what are some alternative investments for REITs? Learn more.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
3 Reasons Dollar General Shares Belong in the Shopping Cart (WMT)
Shares of Dollar General have fallen to their lowest level since May 2019, making the stock an attractive long-term play on a consumer spending rebound.
Miso Robotics Stock: Is an IPO Coming Soon? (WMT)
Can you buy Miso Robotics stock? Miso Robotics is not yet publicly traded, but there are other ways to get in on this branch of AI. Learn more.
7 Best Blue Chip Stocks to Buy Now (WMT)
Blue-chip stocks are the stocks of well-known, high-quality industry leaders. Learn more about our top picks for the best blue chip stocks to buy now.
Travelers, Walmart share losses lead Dow's 90-point drop
Ilhee Lee odds to win the 2023 Walmart NW Arkansas Championship
See More Headlines
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WMT Company Calendar

Ex-Dividend for 9/5 Dividend
Last Earnings
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Variety stores
Hypermarkets & Super Centers
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
34 Analysts


Net Income
$11.68 billion
Pretax Margin


Sales & Book Value

Annual Sales
$611.29 billion
Cash Flow
$10.39 per share
Book Value
$31.06 per share


Outstanding Shares
Free Float
Market Cap
$428.23 billion

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Key Executives

  • Mr. C. Douglas McMillonMr. C. Douglas McMillon (Age 57)
    Pres, CEO & Director
    Comp: $4.7M
  • Mr. John David RaineyMr. John David Rainey (Age 52)
    Exec. VP & CFO
    Comp: $7.6M
  • Mr. Suresh Kumar (Age 58)
    Global CTO, Chief Devel. Officer & Exec. VP
    Comp: $2.98M
  • Ms. Judith  McKennaMs. Judith McKenna (Age 56)
    Exec. VP
    Comp: $3.81M
  • Mr. John R. FurnerMr. John R. Furner (Age 48)
    Exec. VP, CEO & Pres of Walmart US
    Comp: $3.18M
  • Ms. Kathryn J. McLayMs. Kathryn J. McLay (Age 49)
    Exec. VP, Pres & CEO of Walmart International,
    Comp: $3.19M
  • Ms. Rachel L. BrandMs. Rachel L. Brand (Age 49)
    Exec. VP of Global Governance, Chief Legal Officer & Corp. Sec.
  • Mr. Matthew Miner
    Exec. VP and Global Chief Ethics & Compliance Officer
  • Ms. Allyson Park
    Chief Communications Officer
  • Mr. William White
    Sr. VP & Chief Marketing Officer

WMT Stock - Frequently Asked Questions

Should I buy or sell Walmart stock right now?

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Walmart in the last year. There are currently 4 hold ratings and 30 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WMT shares.
View WMT analyst ratings
or view top-rated stocks.

What is Walmart's stock price forecast for 2023?

34 brokerages have issued twelve-month price objectives for Walmart's shares. Their WMT share price forecasts range from $157.00 to $210.00. On average, they predict the company's stock price to reach $177.22 in the next year. This suggests a possible upside of 11.4% 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 the year. Since then, WMT shares have increased by 12.2% and is now trading at $159.10.
View the best growth stocks for 2023 here

When is Walmart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our WMT earnings forecast

How were Walmart's earnings last quarter?

Walmart Inc. (NYSE:WMT) posted its quarterly earnings results on Thursday, August, 17th. The retailer reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.15. The retailer earned $161.63 billion during the quarter, compared to analyst estimates of $160.22 billion. Walmart had a net margin of 2.23% and a trailing twelve-month return on equity of 21.47%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.77 EPS.
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 17th. Investors of record on Friday, August 11th will be paid a dividend of $0.57 per share on Tuesday, September 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, August 10th.
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 1.43%. 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 43.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMT will have a dividend payout ratio of 32.52% 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 has approved a share buyback plan on Tuesday, November 15th 2022, which allows the company to buyback $20,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

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

Walmart updated its third quarter 2024 earnings guidance on Thursday, August, 17th. The company provided earnings per share (EPS) guidance of $1.45-$1.50 for the period, compared to the consensus estimate of $1.50. The company issued revenue guidance of $157.40 billion-$157.40 billion, compared to the consensus revenue estimate of $157.25 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."

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 $159.10.

How much money does Walmart make?

Walmart (NYSE:WMT) has a market capitalization of $428.23 billion and generates $611.29 billion in revenue each year. The retailer earns $11.68 billion in net income (profit) each year or $5.20 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 10/2/2023 by MarketBeat.com Staff

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