Is Walmart a blue chip stock?
What do IBM, Walmart, JPMorgan Chase, and DuPont have in common? Although they are in different sectors, they are all known as blue chip companies. Blue chip companies are the mature firms that represent the stalwarts of an industry.
WMT is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. WMT has a Growth Style Score of A, forecasting year-over-year earnings growth of 6.3% for the current fiscal year.
A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.
Walmart first offered common stock to the public in 1970 and began trading on the New York Stock Exchange (NYSE: WMT) on August 25, 1972. We have provided an annual cash dividend, paid quarterly, to shareholders since first declaring a dividend in 1974.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| UnitedHealth (UNH) | Health care | $462.01B |
| Nvidia Corp. (NVDA) | Technology | $1.91T |
| JPMorgan Chase & Co. (JPM) | Financial | $533.63B |
| Salesforce (CRM) | Technology | $262.26B |
From fiscal 2024 to fiscal 2026, analysts expect Walmart's revenue to rise at a CAGR of 4% as its EPS grows at a CAGR of 35%. Its stock still looks reasonably valued at 26 times forward earnings, its dividend offers a decent forward yield of 1.4%, and management has raised the payout annually for 51 consecutive years.
Walmart has 8.32% upside potential, based on the analysts' average price target. Is WMT a Buy, Sell or Hold? Walmart has a conensus rating of Strong Buy which is based on 25 buy ratings, 3 hold ratings and 0 sell ratings.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
| Stock | 2024 return through March 31 |
|---|---|
| MicroStrategy Inc. (MSTR) | 169.9% |
| SoundHound AI Inc. (SOUN) | 177.8% |
| Vera Therapeutics Inc. (VERA) | 180.4% |
| Avidity Biosciences Inc. (RNA) | 182% |
Who owns the biggest stock in Walmart?
What percentage of Walmart (WMT) stock is held by institutional investors? Jim Walton owns the most shares of Walmart (WMT).
The Walton family owns about 45% of Walmart's outstanding shares through the trust and their main investment vehicle, Walton Enterprises, data compiled by Bloomberg show. Alice, Jim and Rob Walton have a combined fortune of $274 billion, according to the Bloomberg Billionaires Index.
Is Walmart stock a Buy, Sell or Hold? Walmart stock has received a consensus rating of buy. The average rating score is Aa2 and is based on 94 buy ratings, 5 hold ratings, and 0 sell ratings.
Amazon Joins 29 Other 'Blue Chip' Companies in the Dow Jones Industrial Average. Feb. 24, 2024, at 2:00 p.m.
Feb 21 (Reuters) - Shares of Walgreens Boots Alliance WBA. O fell 3% in premarket trading on Wednesday after the U.S. pharmacy chain operator lost its spot on the Dow Jones Industrial Average to Amazon AMZN. O, after nearly three years on the blue-chip stock index.
As a small example, Costco Wholesale (NASDAQ:COST) has trended higher by 226% (capital gains) in the last five years. This has led to this list of blue-chip stocks under $20.
The reasons to sell Walmart
The bears believe Walmart's stock is historically expensive now -- it traded at less than 20 times earnings throughout most of the 2010s, and it's pricier than most of its industry peers. Target, for example, trades at just 18 times forward earnings.
The Winner: Target
With a valuation less than half as rich as Walmart, and a more attractive dividend yield, investors should be willing to bear a little more risk for Target. Things can always change, so remember to review your stock holdings on a regular basis.
An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Watch Walmart stock trade in real time here.
While Costco appears to have the best growth prospects, that isn't enough to make it the best investment. Walmart trades at a lower valuation, and its higher dividend yield means you will receive more in dividend payments than you would on the same amount of money invested in Costco. That makes Walmart the winner.
Will Walmart stock split in 2024?
30, 2024 — Walmart Inc. (NYSE: WMT) announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart's ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach.
Expert reviews on Walmart Inc. stock are mixed, with some expressing concerns about the valuation being too high, while others praise its strong business performance and potential for growth. The company's online presence, retail advantage, and ability to collect massive data using AI are highlighted as key strengths.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Life Insurance | 981.45 |
| 2. | Hindustan Zinc | 410.90 |
| 3. | I R C T C | 1025.45 |
| 4. | Lloyds Metals | 731.75 |
| Company Name | LTP | Market Cap (in Cr) |
|---|---|---|
| Kanani Industries | 3.85 | 76.18 |
| Dynamic Cables Ltd | 436 | 971.15 |
| Hilton Metal Forging | 116.7 | 249.48 |
| Alok Industries | 27.7 | 13753.72 |
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Abbott Laboratories (ABT) | Health care | 1.9% |
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
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