WMT Walmart Inc

By Colin Kellaher

Walmart Inc. on Tuesday unveiled plans to buy back up to $20 billion in stock.

The Bentonville, Ark., retail giant, which has roughly 2.7 billion shares outstanding, sports a market capitalization of about $387 billion.

Walmart said the new authorization replaces a $20 billion program, launched in February 2021, that had about $1.9 billion remaining at the end of October.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 15, 2022 07:38 ET (12:38 GMT)

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