Although market cap gives you a clear sense of what the market values a company at, it is subject to change from prospective and current investors’ activity, resulting in hour-by-hour differences. Walmart is the nation’s largest private employer, and its varied selection of goods, from home furnishings and electronics to groceries, appeals to millions. The multinational retail chain achieved the coveted status of No. 1 retailer in the U.S. by 1990. Its stock market performance is going strong more than 30 years later, as its size and market share help it ride out the lingering effects of the pandemic on the economy. Walmart stock was actually one of the best stocks of the 30 years between 1990 and 2020, but as you can see in the chart below, WMT basically traded sideways for the first decade-plus of the 21st century.
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Get the latest news on investing, money, and more with our free newsletter. Based on Walmart’s revenue and profits from the last three years, Walmart’s net worth is well over $429 billion.
If You’d Put $1,000 Into Walmart Stock 20 Years Ago, Here’s What You’d Have Today
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. For historical cost basis information, you may use NetBasis to calculate the cost basis for your Walmart common stock, adjusted for any corporate actions or dividend reinvestments. Market capitalization, also called net worth, is the total value of all of a company’s outstanding shares. It is calculated by multiplying the stock price by the number of shares outstanding. Since December 1, 1998, Walmart’s market cap has increased from $168.69B to $545.27B, an increase of 223.23%. Walmart has a market cap or net worth of $545.27 billion as of August 13, 2024.
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Walmart is also indisputably one of the best dividend stocks for dependable dividend growth. This member of the S&P 500 Dividend Aristocrats has increased its payout annually for 50 years and counting. For those reasons and more, Walmart ranks as one of analysts’ top-ranked Dow Jones stocks.
The company’s previous legal name was Wal-Mart Stores Inc. before it was updated to Walmart Inc. in February 2018. Shoppers nowadays might find it difficult to avoid Walmart, with more than 10,500 stores and clubs under 46 banners in 24 countries and e-commerce websites, according to the Walmart website. The Walton family has a collective net worth of about $182.4 billion, according to the Bloomberg Billionaires Index. As of July 2021, family members had sold 28.6 million shares of Walmart stock — worth about $4 billion — in 2021 to manage their stake in the company, according to the Arkansas Democrat-Gazette, reporting on SEC filings.
Over the past 20 years, WMT stock has generated an annualized total return of just 8.7% vs 10.4% for the S&P 500. Sadly for long-term shareholders, the past couple of decades have delivered more of the latter-type performance than the former. A torrid run in the 1990s, the market’s secular preference for growth over value, and worries about Walmart’s place in an increasingly digital world have conspired to make WMT stock a long-time market laggard. When it comes to blue chip stocks that pay dividends and play defense, Walmart’s (WMT) reputation is pretty tough to beat. And with the 2024 outlook for stocks becoming increasingly opaque, it’s understandable if investors are tilting toward more defensive names, such as WMT, these days.
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- Walz’s more than two decades almost certainly earned him a pension that he would have begun receiving when he turned 60 this year.
- Trump, who is worth some $4.8 billion, got his start by inheriting a vast fortune, and these days, more than half his fortune comes from his stake in Truth Social, his Twitter knockoff.
- Walz also brought in an extra $2,500 to $5,000 a year from renting a room in his Minnesota house, financial disclosures he filed at the time show.
You can read more about our editorial guidelines and our products and services review methodology. He previously wrote for The Dartmouth (the nation’s oldest college newspaper) and the Pittsburgh Post-Gazette. Follow Khan-Mullins for continued coverage of politicians’ finances and the 2024 election. After several years in the Guard and in other odd jobs, including processing mortgage loans and building grain silos, Walz went to Chadron State College on the G.I. He started in southern China, where he briefly taught English and history.
The same thousand bucks invested in an S&P 500 ETF would be worth somewhere in the neighborhood of $7,200 today. Sign up for our daily newsletter for the latest financial news and trending topics. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct.
It’s the composition of his wealth that is, to borrow one of Walz’s favorite pejoratives for Republicans, weird. Unlike many Americans, neither Walz nor his wife, Gwen—also a longtime public school teacher—appear to own any stock or a single bond, per the last financial disclosure he filed as a member of Congress in 2019. Also unlike most Americans, the Walzes don’t own a home, having sold their five-bedroom Mankato, Minnesota residence soon after he became governor. There are no signs he owns any businesses or pulls in any income besides his roughly $128,000 gubernatorial salary.
The GOBankingRates Evaluation of Walmart’s net worth, however, is a calculation based on concrete, measurable figures like assets and revenue. It’s a more conservative valuation, taking into account only full-year profits and revenue from the last three years and the company’s assets and debts. GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers.
Additionally, as governor, he has access to a 401(k) style retirement plan; assuming he’s been making his contributions, Forbes estimates that he could have around $100,000 in the account today. The salary reduction to about $128,000 may have stung a bit, but it came with housing in the governor’s mansion in Saint Paul. The Walzes sold their Mankato home for just over $300,000, likely keeping little cash after paying off their mortgage. Gwen also left teaching and took a part-time position in the administration at Augsburg University in Minneapolis, which reportedly paid similarly to her roughly $60,000 salary in Mankato. Dividends and stock buybacks are two ways companies return money to investors.
“They gave me more gifts than I could bring home,” Walz told a Nebraska newspaper in 1990. “It was an excellent experience.” After returning stateside, Walz would lead trips to China with American students for years. Profit and prosper with the best of Kiplinger’s advice on investing, taxes, retirement, personal finance and much more.
And, in 2019, Gwen reported receiving some money from the law firm Hogan Lovells. A spokesperson for the firm told Forbes that the payments were for appearing at a Pride event it hosted. Walz also reported mutual funds in a small college savings account and life insurance policies in 2019, neither of which show up on his more recent Minnesota disclosures.
Competitive pricing gives Walmart a clear advantage in an economy where inflation has a firm hold. Sam’s Club comparable sales were up 9.5%, not including fuel, and membership income increased 8.9%. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more. This chart illustrates the disconcerting fact that if you invested $1,000 in Walmart stock 20 years ago, today it would be worth only about $5,300.
Walz’s more than two decades almost certainly earned him a pension that he would have begun receiving when he turned 60 this year. Forbes estimates that income stream to be worth between $200,000 and $350,000. Walmart is the world’s largest retailer, offering both physical retail and e-commerce. Groceries currently account for about 60% of its sales, but the company also sells a wide range of general merchandise, through Walmart U.S., Walmart International, and Sam’s Club warehouse stores. Founded in 1945, the company changed its name from Wal-Mart Stores to Walmart in 2018. Walz won reelection in 2022, bringing with him Democratic majorities in the state legislature that passed progressive priorities like paid family and medical leave, codified abortion rights and free school breakfast and lunch.