The Dow Jones Industrial Average ( ^DJI) is trading up 19 points (+0.1%) at 12,778 as of Wednesday, Mar 7, 2012, 10:35 a.m. ET. During this time, 157.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,891 issues advancing vs. 933 declining with 115 unchanged. Thursday, March 8, 2012 is the ex-dividend date for Dow component Wal-Mart Stores (NYSE: WMT). Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $59.50 as of 10:35 a.m. ET, the dividend yield is 2.7% compared to the average Dow component yield of 2.7%.
The average volume for Wal-Mart Stores has been 9.5 million shares per day over the past 30 days. Wal-Mart Stores has a market cap of $210.24 billion and is part of the services sector and retail industry. Shares are down 0.6% year to date as of Tuesday's close. Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company's Walmart U.S. The company has a P/E ratio of 13.1, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.