Where Will Walmart Stock Be in 3 Years?
Walmart (NYSE: WMT) stock was a rare winner for investors this past year. Shares were in positive territory by mid-December compared to a 16% slump for the S&P 500. The retailer's returns look even better when you factor in its dividend payment, which is about to pass a huge milestone.
With that backdrop in mind, let's take a look at the prospects for the business and that growing dividend over the next few years.
Unlike many other businesses that saw impressive growth during the pandemic followed by a slump, Walmart appears to be holding onto those gains. Revenue rose 9% year over year in the most recent quarter, thanks to a balance between rising customer traffic and higher spending. Compare that result to the 3% increase that rival Target recently posted, and it makes sense that Walmart stock would be outperforming today.
Source Fool.com
