How To Earn $500 A Month From Walmart Stock Following Strong Q3 Sales
Portfolio Pulse from Lisa Levin
Walmart Inc (NYSE:WMT) reported a 5.2% year-over-year sales growth for Q3 FY24, with sales of $160.8 billion surpassing the consensus of $159.55 billion. Adjusted EPS was $1.53, beating last year's $1.50 and the consensus of $1.52. The company raised its FY24 adjusted EPS guidance to $6.40-$6.48 and net sales growth outlook to 5.0%-5.5%. Walmart's current dividend yield is 1.46%, with a quarterly dividend of 57 cents per share. To earn $500 monthly from dividends, an investor would need 2,632 shares, valued at approximately $410,697. Walmart shares fell 8.1% to close at $156.04 on Thursday.
November 17, 2023 | 1:43 pm
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NEUTRAL IMPACT
Walmart's strong Q3 sales and raised FY24 guidance could positively influence investor sentiment, while the dividend yield provides an attractive income opportunity. However, the stock price dropped 8.1% on Thursday, indicating potential volatility or market reaction to other factors.
The positive earnings report and increased guidance are typically good signs for a company's stock, suggesting a potential upward impact. However, the actual 8.1% drop in share price on Thursday indicates that other market factors or investor expectations may be weighing on the stock, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100