#1 - Walmart (NYSE:WMT)
Walmart Inc. (NYSE: WMT) reported earnings earlier this week and delivered what investors expected. The retailer beat on the top and bottom lines and issued guidance that was in line with analysts' expectations for 2024.
The main issue is not that consumers aren't spending. But there continues to be evidence that they're cutting back on discretionary purchases. Nevertheless, Walmart historically captures market share when consumers are looking to cut their budget.
And when you're buying WMT stock, you're owning a company that has pricing power. That was evident in metrics like the company's gross margin, which expanded by 39 basis points in the quarter.
Walmart announced a 3-for-1 stock split that will go into effect on February 26, 2024. That will give investors a better entry point for initiating or adding to a position.
Another way that WMT stock can help you protect yourself from inflation is via its growing dividend. Walmart is a Dividend King that has increased its dividend for 51 consecutive years.
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
- $92.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $93.69 (1.6% Upside)
