Could Walmart Hit a New All-Time High Before Its 3-For-1 Stock Split?
(NYSE: WMT) won't report earnings until just before the market opens on Feb. 20. But the retail giant just made a splash with two press releases.
The first release, announced on Jan. 30, declares a 3-for-1 stock split, the company's first since 1999. The second announcement, which came on Jan. 31, details the addition of more stores and the remodeling of existing ones.
Let's dive into these two announcements, and what happened the last time Walmart split its stock. Let's also look at whether the dividend stock is worth buying before it issues the split on Feb. 22 (which takes effect on Feb. 23).
Source Fool.com
Walmart Inc. Stock
€66.51
-0.270%
With 97 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 73 € shows a slightly positive potential of 9.76% compared to the current price of 66.51 € for Walmart Inc..
