This paper will give a summary of Target corporation versus Wal-Mart stores, Incorporated. In the following weeks it will compare the financial performances of these two companies, by evaluating circumstances such as the times interest earned, return on equity, return on assets and other factors. This paper will present an overview of the exchanges on which both company’s stock is traded. It will also present characteristics of that particular exchange which may have led the company to be listed there versus another exchange. This summary will also explain the types of securities both Wal-Mart and Target have outstanding, such as the bonds, preferred stock or the common stock and thus will explain the characteristics of those securities and if they have assisted the company in gaining and raising capital. Finally it will explain the purposes of the four basic financial statements: the balance sheet, income statement, statement of retained income, and the statement of cash flow; which are found in each company’s annual report.
Where the stock is traded
In 1970, Wal-Mart started offering common stock to the public. The stock is traded on the New York Stock Exchange under WMT. In 1974, they declared their first cash dividend, and also started provided shareholders with an annual dividend, paid quarterly, every year since then (walmartstores.com, 2007). The Target corporation stock is also traded on the Target’s stock is also traded under the New York Stock Exchange under the stock quote TGT and is a common stock (target.com, 2006).
Reasoning behind trading on NASDAQ
Company’s leaders have a desire to learn and cultivate a curiosity for new dimensions of knowledge, becoming life-long learners with a perpetual sense of wonder. Targets and Wal-Mart strive for wisdom and do not confuse it with wit. Companies thrive on integrity recognizing that without integrity all other ingredients of leadership... [continues]
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