On CNBC’s "Halftime Report Final Trades," Kevin Simpson of Capital Wealth Planning said Walmart Inc. (NYSE: WMT) reported great earnings and increased their dividend by 9.3%.
On Feb. 20, Walmart reported better-than-expected fourth-quarter financial results. The company posted quarterly FY24 net sales growth of 5.7% year-over-year to $173.39 billion, beating the consensus of $170.71 billion. Adjusted EPS was $1.80, beating the consensus of $1.65. The stock price gained after the results. Walmart also agreed to buy VIZIO Holding Corp (NYSE: VZIO) for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 ...