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For the 12th time in 50 years, Walmart will conduct a stock split in an effort to make shares more affordable for its employees. Walmart last carried out a 2-for-1 stock split on April 20, 1999.
The unadjusted split price was $16.50. While your share count went up, the price went down by the same portion. That means the $16.50 becomes a split-adjusted $0.0027 (i.e., well below a penny a ...
The price of Walmart shares following the stock split, which will take effect after markets close on February 23, will be divided by three when markets reopen on Monday, February 26. So investors ...
Walmart is making its share price more affordable just as it gives its store managers pay raises and annual stock grants of up to $20,000.. The company announced a three-for-one stock split this ...
Stock split stocks are surging this year. Stock splits seem to be coming back into vogue. After Walmart (NYSE: WMT) and Chipotle Mexican Grill (NYSE: CMG), two of the higher-profile consumer goods ...
On March 21, 2024, Walmart stock reached a record closing high of $61.45 per share. So far this year, its shares are already up 14%, beating the S&P 500's ( ^GSPC ) 10% gain.
When this split was completed after the close of trading on Feb. 23, Walmart's share price fell from $175.56 to $58.52, while its outstanding share count increased by a factor of three.
With a price-to-earnings ratio of 37.5 and price-to-free cash flow (P/FCF) of more than 43, even Walmart's lower-priced stock looks quite expensive. This malaise extends beyond Costco and Walmart.