#6 - Walmart (NYSE:WMT)
One of the companies that is embracing the omnichannel business model is Walmart, Inc. (NYSE: WMT). The company became synonymous with brick-and-mortar retail. But even before 2020, Walmart was taking steps to adapt to an increasingly digital world.
Walmart continues to embrace the evolution of retail with its investment in Symbotic, Inc. (NASDAQ: SYM) - an AI-powered robotic and software platform for warehouse use. That’s just one example of how Walmart is trying to increase efficiency – and add to its bottom line.
Still, with a forward P/E ratio of around 25x earnings, WMT stock is not necessarily cheap. At the same time, investors in 2023 are looking for best in class. Walmart belongs in that category and therefore may be worth an elevated valuation.
The company continues to stack quarter after quarter of consistent revenue and earnings. Plus, Walmart is a dividend king having increased its dividend for 51 consecutive years. As of June 2023, the dividend yield was 1.47%.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $90.44
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $91.88 (1.6% Upside)
