Walmart (WMT) shares fall 3% as 'underwhelming' forecast offsets strong Q4 results
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Walmart (WMT) PT Raised to $155 at Evercore ISI, Removes from Tactical Outperform List
February 22, 2023 5:00 AM ESTEvercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $155.00 (from $150.00) while maintaining a In Line rating.
Removes from Tactical Outperform List... MoreHome Depot (HD) PT Lowered to $340 at Evercore ISI, Removes from Tactical Underperform List
February 22, 2023 5:00 AM ESTEvercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $340.00 (from $370.00) while maintaining a Outperform rating.
Removes from Tactical Underperform List.... MoreWalmart sees lower 2023 performance in time of economic uncertainty
February 21, 2023 7:05 AM ESTBy Siddharth Cavale
(Reuters) - Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that tight spending by consumers could pressure profit margins.
Higher U.S. consumer prices and loftier costs for rental housing and food have raised fears among executives that the U.S. Federal Reserve could further lift borrowing costs to cool domestic demand, leading to an economic downturn in the second half of the year.
Walmart forecast earnings of $5.90 to $6.05 per share for the year through January 2024, below... More
Walmart (WMT) Raises Quarterly Dividend 1.8% to $0.57; 1.6% Yield
February 21, 2023 7:04 AM ESTWalmart (NYSE: WMT) declared a quarterly dividend of $0.57 per share, or $2.28 annualized. This is a 1.8% increase from the prior dividend of $0.56.
The dividend will be payable on April 3, 2023, to stockholders of record on March 17, 2023, with an ex-dividend date of March 16,... More
