#2 - Walmart (NYSE:WMT)
Walmart Inc. (NYSE: WMT) has delivered a total return of over 299% in the last 10 years. And with the stock up 55% in 2024, it shows no signs of slowing down even after a 3-for-1 stock split in January. Even as its core consumer is burdened by inflation, the company has shown the ability to capture the dollars of more affluent consumers who are looking for value.
A key reason to consider Walmart stock as a tremendous buy-and-hold stock is its commitment to innovation. The company is using automation and artificial intelligence (AI) to make their operations more efficient and profitable. Add to that the company’s successful implementation of its Walmart+ service and investors can see why Walmart is becoming a formidable competitor to Amazon.com Inc. (NASDAQ: AMZN) in the e-commerce space.
WMT is also a dividend king that has increased its dividend for 52 consecutive years, and the company is not even halfway through a $20 billion share buyback program that was authorized in November 2022.
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
- $81.22
- Consensus Rating
- Buy
- Ratings Breakdown
- 29 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $82.96 (2.1% Upside)
