Walmart Stock, Share Price, and Investing Info | Focus on US Stock Market Today
What is Walmart?
Walmart is one of the biggest names in the retail business worldwide. It is a multinational retail enterprise based in the US that has chains of hypermarkets, grocery stores and department stores all across the world. It also owns retail warehouses known as Sam’s Club.
Walmart is one of the biggest company by revenue and profits in the world, as of 2020, and generates billion in yearly revenue and employs millions of employees.
Walmart has been operating since 1962, and currently, it has 11443 stores across the world in 26 countries. While it operates under different names in different countries, it has stores in many countries like Japan, Canada, India, Mexico and the UK.
Walmart has a rich and long history behind its success that we see today. Walmart started its operations through founder Sam Walton when it opened its first store in Rogers, Arkansas, in 1962. By 1967, it had expanded to 24 stores in the US, and in 1969, it officially got incorporated as Wal-Mart Stores, Inc.
In 1970, it became a public company by listing Walmart stocks on NYSE in 1972 with 51 stores. The initial Walmart share price was $16.50. By the 1980s, it had experienced rapid growth with around 1200 stores and $16 billion in revenue.
In the 1990s, Walmart expanded throughout every state in the US and also opened stores in other countries like the UK and Brazil. And in the 21st century, Walmart continues to expand around the world, and it has stepped foot into the e-commerce world as well.
With so many years of success, continued profits and vast scope of operations, it is no surprise that Walmart has one of the strongest and diverse management teams involved in overseeing, planning and decision-making regarding the company. Currently, Doug McMillon is serving as the President and CEO. Other key members of the management team include:
- Dan Bartlett as the Executive VP of Corporate Affairs
- Brett Biggs as the Executive VP and Chief Financial Officer
- Rachel Brand as the Chief Legal Officer, Executive VP of Global Governance and Corporate Secretary
- John Furner, as the President and CEO of Walmart U.S.
- Suresh Kumar as the Global Chief Technology Officer, Executive VP and Chief Development Officer
- Judith McKenna as the CEO and President of Walmart International
- Kathryn McLay as the CEO and President of Sam’s Club
- Donna Morris as the Executive VP and Chief People Officer of Walmart Inc.
Walmart Listing Status
Walmart has been listed on the New York Stock Exchange (NYSE) since 1972 under the ticker WMT, where you can see the stock value in real-time through NYSE live. It is also listed on the S&P stock market index; Walmart entered the S&P stock list in 1982, as well as the S&P 100 index. Other listings on stock exchange indices include
Walmart Stock and Share Prices Information
The NYSE trading hours ended on 24th March, with the Walmart stock price closing at $133.11, which is a decrease from the previous close of $133.94. However, in the 5-day period, the Walmart stock price has been on an increasing trajectory, with Walmart stock price today being among the highest in this time frame. The previous month recorded the lowest Walmart stock price as $127.53 and the highest as $133.94.
In the previous year, however, the Walmart stock price has seen much turbulence and volatility. The yearly low was recorded at $109.82 in May 2020, while the stock price peaked at $152.79 in December 2020. Due to the repercussions of the ongoing Covid-19 pandemic, the initial quarter from March to July witnessed lower Walmart stock price, but from July to February, the stock prices began rising again; in September 2020, the Walmart stock price was $147.68.
What to Know Before Investing in Walmart
If you’re interested in investing in Walmart, there are a few key facts to keep in mind apart from the Walmart stock prices. Revenue and profits generated by Walmart have continued to increase over the years, and the earnings per share (EPS) have also shown a positive trend, being currently recorded at $4.75. It is estimated that the earnings will grow at an average rate of 5.6% per annum.
As for profits, Walmart has a policy of dividing them into capital reinvestment and in paying dividends to shareholders. The dividend yield is at a reasonable value of around 1.7%. It is also a point to be noted that the dividend payout steadily increases every year. The current annual dividend is at $2.2 per year. The ratio of reinvestment to dividend payment reflects in the fact that in 2020, around $10 billion was invested in capital expenditures, and around $6 billion was paid as dividends to shareholders.
Should You Invest in Walmart
The question still remains: should you invest in Walmart? The factual data and figures have already been laid out for you. But there are some qualitative factors to consider as well.
One of the primary factors is the stability that you, as an investor, can have, since Walmart remains the largest company by sales and has been around since 1962, so there are no major risks involved.
Secondly, profits are continuously reinvested to further growth and profits, and dividends are regularly paid with an annual increase, so it’s a steady income option, along with the fact that Walmart stock price trend is favourable as well.
Another point to note is that Walmart continues to expand to different countries; it is projected to grow further. In addition, there is constant innovation like the recent e-commerce venture, so more growth and expansion is expected.
To conclude, considering the profitable and expansive operation of Walmart, and its trends of stock prices, dividends and revenue, along with the many other benefits it offers, the future looks quite promising for Walmart and its investors. So if you were considering it, now would be a good time to invest in Walmart.