Peer Responses

Responding to Person 1

Hello,

Thank you for your post! Seeing the baseball team getting so involved in the community with fundraisers and training camps is good. Having a fundraiser at the Hitching Post is an excellent way of bringing people together and raising money for the team at the same time. The involvement of key stakeholders, including players, coaches, and community members, shows the team needed to make such events successful: Peer Responses.

The hitting and pitching camps for young players are also an excellent way of giving back and building the next generation. The second project would require a more specific WBS, as coordinating equipment and ensuring a smooth workflow is essential.

Weather can be a significant factor, especially in outdoor activities, and contingency plans are crucial. The availability of resources is also a valid concern since planning could minimize this risk. Overall, these activities are excellent for community involvement and teamwork. Great work.

Responding to Person 2

Hello,

Thanks for your posting! The Clovis Transit System redesign seems like a significant project that will benefit the community through increased accessibility and efficiency. With multiple stakeholders involved, including city officials and citizens, a well-structured WBS is essential to managing the project’s complexity. The budget and time constraints are another challenge, and effective planning is necessary.

The nonprofit work in Clovis also contributes to community welfare and involvement, with events like The Wall That Heals and the Pledge to Stop Trafficking. These take careful planning of volunteers and financial resources and demonstrate a firm commitment to societal causes. Scope creep and stakeholder consistency are common pitfalls in such initiatives, so clear communication and strict project management disciplines are necessary.

Your point on stakeholder interest and resource commitment is essential to successful project execution. Both projects demonstrate the merit of well-planned initiatives contributing to improved community living. You did a great job summarizing these projects and their issues.

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Reply to the following persons.

Person 1.

Equity financing can be found on Walmart’s consolidated balance sheet and is also found in the consolidated equity section. This details the amounts for net income, dividends, stock buybacks, and sales of new stock offerings. Details of the equity financing can be found in Note 3 Shareholders Equity, this is both for Walmart as a whole and the subsidiaries that they have majority or partial ownership over. Financing activities can also be found in the cash flow statement.

Walmart in 2022 made the decision to buy back $20 billion worth of their own stock. This occurred over the 3 year period from 2022-2024. The majority of the stock was bought back before 2024 (only $2billion of buybacks in 2024). Stock buybacks are typically done when a company has excess cash that they want to return to their shareholders (reducing the outstanding circulation of stocks outstanding).

I thought this was interesting since they could have used that cash for other future investments. However, it seemed to pay off for Walmart and the shareholders as the average price paid per share was ($46-50) and now in 2025 the stock price is in the upper $90’s. So the outcome for Walmart shareholders was very favorable.

Walmart has increased their annual dividend for 52 consecutive years. Recent history dividends were as followed (FY24 .76 FY 25 .83 FY26 .94). This dividend history showcases Walmart’s commitment to return value to shareholders. It also shows how strong their financial performance has been over the years in the ability to generate (and grow) cash flows from operations and other investments.

Target is very similar in regards to Walmart and their dividend structure. They have issued dividends for 230 consecutive quarters (however the amounts have fluctuated over the years opposed to Walmart). I am impressed by both companies never failing to issue dividends through their existence even during difficult times such as Covid, the banking Crisis, .Com Bubble. Major companies stopped issuing dividends over Covid (Macy’s/ Wells Fargo/ Ford/ Exxon). As an investor this dividend history can definitely give you confidence if the overall market weakens.

Peer Responses

Person 2: Company: grainger and fastenal

Within Graingers report, they report cash dividends paid on the cash flow statement under cash flows from financing activities. Fastenal also reports in the same way and they also saw an increase in net cash from financing activities, which reflected higher dividend payments. Both companies fufill the required reporting by disclosing their equity financing including various stock and dividends. Fastenal also reports ADPIC under their Stockholders’ equity section of the balance sheet and it is double what it was the previous year.

Additional paid in capital is also an own subsection within Fastenal’s consolidated statements of stockholders equity. The line items under this section include the beginning balance, stock options exercised, purchases of common, stock-based compensation, and finally the end balance. ADPIC is classified as “Additional contributed capital” within Graingers 10-k report. It is reported on their balance sheet, similarly as Fastenal did. On the statement of shareholders equity, ACC was only affected by stock based compensation in their balance.

1. Since Fastenal does not disclose their total annual declared and paid, I wonder how much they did as compared to Grainger. I also found it interesting that Grainger has no shares of preferred stock outstanding as of the end of 2024. Another thing I found interesting was the fact that Fastenal had no mention of treasury stock in their report. Grainger though reported Treasury stock under the shareholders equity section of the balance sheet.
2. At the beginning of 2025, Fastenal declared a quarterly dividend of $0.43 per share of common stock. In 2024, they paid aggregate annual cash dividends per share of $1.56. Grainger on the other hand declared a quarterly cash dividend of $2.05 per share of common stock. At the end of 2024, Grainger declared and paid $421 million in dividends to the holders of the Company’s common stock.