Should I buy Walmart stock in 2024?
Walmart (NYSE: WMT) stock is on a roll, up 16% so far in 2024, outpacing the 8% rally in the S&P 500. Those returns also surpass the year-to-date gains of retailing peers like Costco Wholesale and Target. There could be more industry-leading growth to come.
From fiscal 2024 to fiscal 2026, analysts expect Walmart's revenue to rise at a CAGR of 4% as its EPS grows at a CAGR of 35%. Its stock still looks reasonably valued at 26 times forward earnings, its dividend offers a decent forward yield of 1.4%, and management has raised the payout annually for 51 consecutive years.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 64.42 | 8.24% |
| 2026 | $ 69.72 | 17.15% |
| 2027 | $ 75.46 | 26.80% |
| 2028 | $ 81.68 | 37.24% |
WMT is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. WMT has a Growth Style Score of A, forecasting year-over-year earnings growth of 6.3% for the current fiscal year.
Walmart stock price stood at $59.53
According to the latest long-term forecast, Walmart price will hit $100 by the end of 2024 and then $110 by the middle of 2026. Walmart will rise to $125 within the year of 2027, $150 in 2029 and $200 in 2034.
| Stock | 2024 return through March 31 |
|---|---|
| Avidity Biosciences Inc. (RNA) | 182% |
| Arcutis Biotherapeutics Inc. (ARQT) | 206.8% |
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
Walmart has a market cap or net worth of $479.38 billion as of April 19, 2024. Its market cap has increased by 18.96% in one year.
Is WMT a Buy, Sell or Hold? Walmart has a conensus rating of Strong Buy which is based on 25 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for Walmart is $65.73. This is based on 28 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Walmart stock have an average target of 62.77, with a low estimate of 54.33 and a high estimate of 76. The average target predicts an increase of 5.44% from the current stock price of 59.53.
Walmart Inc's trailing 12-month revenue is $648.1 billion with a 2.4% profit margin. Year-over-year quarterly sales growth most recently was 5.7%. Analysts expect adjusted earnings to reach $2.356 per share for the current fiscal year. Walmart Inc currently has a 1.4% dividend yield.
Will Walmart stock split in 2024?
30, 2024 — Walmart Inc. (NYSE: WMT) announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart's ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach.
And if you had invested $1,000 into Walmart a decade ago, your investment would have more than doubled in value and be worth about $2,443 as of Nov.
Stability and Brand Name. With Walmart, it is pretty well-known what an investor is going to get from an operational perspective. Walmart remains a stable company that should be viewed as a long-term blue-chip investment. Roughly 75% of Walmart's store management began their careers as hourly employees with the company ...
Ten Year Stock Price Total Return for Walmart is calculated as follows: Last Close Price [ 59.78 ] / Adj Prior Close Price [ 20.91 ] (-) 1 (=) Total Return [ 185.9% ] Prior price dividend adjustment factor is 0.81.
Jim Walton owns the most shares of Walmart (WMT).
Jim Walton, Alice Walton, and Rob Walton are the top three individual shareholders of Walmart. Walmart's largest institutional investors include the John T. Walton Estate Trust, Vanguard Group, and BlackRock.
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| S.No. | Name | NP Qtr Rs.Cr. |
|---|---|---|
| 1. | Jai Balaji Inds. | 234.60 |
| 2. | Waaree Renewab. | 64.46 |
| 3. | Insolation Ener | 15.04 |
| 4. | SG Mart | 33.65 |
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Money market funds.
- Mutual funds.
- Index Funds.
- Exchange-traded funds.
- Stocks.
Based on short-term price targets offered by 30 analysts, the average price target for Walmart comes to $64.97. The forecasts range from a low of $58.33 to a high of $70.00. The average price target represents an increase of 7.18% from the last closing price of $60.62.
How much was $1000 in Walmart stock 1970?
Investing $1,000 In Walmart IPO: Walmart offered shares for $16.50 on Oct. 1, 1970 for its IPO. A $1,000 investment could have purchased 60.61 shares of Walmart stock.
The closing price for Walmart (WMT) in 1994 was $2.23, on December 30, 1994.
As for why Walmart decided to split its stock, the company said it wanted to lower WMT's share price so it was easier for its employees to purchase shares in the company via its employee stock purchase plan.
Investors might sell a stock if it's determined that other opportunities can earn a greater return. If an investor holds onto an underperforming stock or is lagging the overall market, it may be time to sell that stock and put the money to work in another investment.
Your odds of success are better if you just hang on and aim for average returns, our columnist says. Jeff Sommer writes Strategies, a weekly column on markets, finance and the economy. Selling all of your stock just before the market falls, and buying shares just before the market rises, is a brilliant strategy.
