Is Walmart stock a good buy now?
The highest analyst price target is $75.99 ,the lowest forecast is $58.99. The average price target represents 8.32% Increase from the current price of $60.68. What do analysts say about Walmart? Walmart's analyst rating consensus is a Strong Buy.
Walmart stock price stood at $60.51
According to the latest long-term forecast, Walmart price will hit $85 by the end of 2024 and then $95 by the end of 2026. Walmart will rise to $100 within the year of 2027, $110 in 2028, $125 in 2029 and $150 in 2032.
The experts are generally positive about Walmart Inc, highlighting its strong online presence, ability to collect and harness data using AI, and potential for growth. There are concerns about valuation and capital requirements, but overall, the company seems to be well-positioned for the future.
But Walmart's demonstrated resilience in 2023 and its strong momentum going into 2024 justify its stock's higher valuation. At the two stocks' current valuations, Walmart stock looks like the better buy. But Target stock looks fairly attractive at its current valuation, too.
Breaking Down Walmart Inc's Dividend Yield and Growth
Over the past three years, Walmart Inc's annual dividend growth rate was 1.80%. Extended to a five-year horizon, this rate increased to 1.90% per year. And over the past decade, Walmart Inc's annual dividends per share growth rate stands at 1.90%.
This part of its business produced fiscal 2024 revenue of $114.6 billion, up over 13% from 2023. A long history of dividends adds the icing on the cake, providing a source of passive income. These various factors combine to make Walmart a worthy long-term investment.
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Walmart stock have an average target of 62.54, with a low estimate of 54.33 and a high estimate of 76. The average target predicts an increase of 3.25% from the current stock price of 60.57.
Split aimed at helping associates take advantage of long-standing stock purchase benefits. BENTONVILLE, Ark., Jan. 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.
On the positive side, Walmart's dividend has been increasing more quickly lately. Walmart just hiked its payout by 9% for 2024, marking a huge acceleration over the prior year's 2% boost. The faster pace of earnings growth today implies that there could be additional big dividend raises ahead for income investors.
Chipotle Mexican Grill. "CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT."
Is Walmart a high risk stock?
Walmart Investment Opportunity
Walmart has a volatility of 0.85 and is 1.52 times more volatile than NYSE Composite. 7 percent of all equities and portfolios are less risky than Walmart. You can use Walmart to protect your portfolios against small market fluctuations.
Best Buy's brand is ranked #101 in the list of Global Top 1000 Brands, as rated by customers of Best Buy. Their current market cap is $28.95B. Walmart's brand is ranked #104 in the list of Global Top 1000 Brands, as rated by customers of Walmart. Their current market cap is $382.64B.
The biggest contributing factor to Walmart's dominance is its inclusion of groceries. Even though most Target locations now offer food, CNBC noted last year that “groceries account for 56% of Walmart's annual revenue, compared with just about 20% at Target, according to company filings.
The Walmart stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
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.
In 2030, the Walmart stock will reach $ 97.38 if it maintains its current 10-year average growth rate. If this Walmart stock prediction for 2030 materializes, WMT stock will grow 60.78% from its current price.
If you had invested $1,000 into Walmart five years ago, your investment would be worth around $1,761 as of Nov. 15, according to CNBC's calculations. 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.
Walmart stock could be a good pick for some investors but not for others. If you're an aggressive investor focused on growth stocks, Walmart might not be ideal for you. The company's fastest growth is probably in its past. Value investors might not like Walmart all that much, either.
Walmart has 41.03% upside potential, based on the analysts' average price target. Is WMT a Buy, Sell or Hold? Walmart has a conensus rating of Strong Buy which is based on 24 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for Walmart is $85.55.
Who owns the most Walmart stock?
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Norges Bank, Bank Of America Corp /de/, and Price T Rowe Associates Inc /md/ ...
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.
| Stock | Expected Change in Stock Price* |
|---|---|
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
The improved traffic this brings, in turn, improves its ability to sell non-food items such as apparel and furniture, even in a dis-inflationary environment, analysts said. Due to its heft in grocery, Walmart is expected to report sales of $645 billion for fiscal 2024, more than double its closest competitor.
For now at least, analysts are anticipating S&P 500 earnings growth will continue to accelerate in the first half of 2024. Analysts project S&P 500 earnings will grow 3.9% year-over-year in the first quarter and another 9% in the second quarter.
