Wal-Mart Stores (WMT) Plans Quarterly Dividend of $0.47
Wal-Mart Stores (NYSE:WMT) declared a quarterly dividend on Friday, February 22nd. Stockholders of record on Friday, May 10th will be given a dividend of $0.47 per share on Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, May 8th.
A number of research firms have also recently commented on WMT. Analysts at Zacks reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note to investors on Friday. They now have a $74.00 price target on the stock. On a related note, analysts at MKM Partners raised their price target on shares of Wal-Mart Stores from $72.00 to $76.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Oracle Investment Research downgraded shares of Wal-Mart Stores from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday. They now have a $60.00 price target on the stock.
Eight research analysts have rated the stock with a buy rating, four have given an overweight rating, fifteen have issued a hold rating, and one has assigned a sell rating to the company’s stock. The company presently has an average rating of “overweight” and an average target price of $78.46.
Wal-Mart Stores (WMT) traded up 0.20% on Friday, hitting $70.40. Wal-Mart Stores (WMT) has a 1-year low of $57.18 and a 1-year high of $77.60. The stock’s 50-day moving average is currently $69.68. The company has a market cap of $235.5 billion and a price-to-earnings ratio of 14.46.
Wal-Mart Stores last announced its earnings results on Thursday, February 21st. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. The company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $128.82 billion. During the same quarter last year, the company posted $1.44 earnings per share. Wal-Mart Stores’s revenue was up 3.9% compared to the same quarter last year. Wal-Mart Stores has set its Q1 guidance at 1.11-1.16 EPS and its FY14 guidance at 5.20-5.40 EPS. Analysts expect that Wal-Mart Stores (WMT) will post $5.37 EPS for the current fiscal year.
Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Everyday low prices (EDLP) is the Company’s pricing philosophy under, which it price items at a low price everyday.
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