Wal-Mart Stores, Inc. Common St (NYSE:WMT):
Walmart, IBM and Tsinghua University Explore the Use of Blockchain to Help Bring Safer Food to Dinner Tables Across China.
The company is so far trading up by 0.20% since yesterday’s close of $69.85.
The company recently announced a dividend for shareholders to be paid on Tuesday January 3rd, 2017. The dividend payment will be $0.500 per share for the quarter which comes to $2.00 on an annualized basis. This dividend amount will represent a yeild of $2.87. The ex-dividend date will be on Wednesday August 10th, 2016.
The stock last traded at $69.99 slightly below $70.39, the 50 day moving average and which is just a bit below the 200 day moving average of $70.97. The 50 day moving average was down by -0.57% and the 200 day average moved down $-0.98.
The company currently has a P/E ratio of 15.07 and market cap is 216.50B. In the last earnings report the EPS was $4.64 and is projected to be $4.34 for the current year with 3,093,257,000 shares outstanding. Next quarter’s EPS is estimated at $1.33 with next year’s EPS anticipated to be $4.36.
Analysts have released opinions on WMT of late. On October 21 analysts at PiperJaffray began coverage setting a rating of “Neutral”. On October 3 Deutsche Bank left the company rating at “Hold” but raised the price expectation to $75.00 from $64.00.
Guggenheim Securities added WMT to its research portfolio by announcing an initial rating of “Overweight” and establishing a price target of $90.00. On September 29, 2016 KeyBanc started covering WMT giving it an initial rating of “Overweight” and price target of $90.00.
On September 23 the stock rating was upgraded from “Equal-weight” to “Overweight” and a price target of $87.00 was set by Barclays. Barclays upgraded the stock and raised the price target on September 23 changing the price target from $70.00 to $87.00 and moving the rating from “Equal-weight” to “Overweight”.