Wal-Mart Stores Inc. (NYSE:WMT) – Equities research analysts at Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for Wal-Mart Stores in a note issued to investors on Thursday. Jefferies Group analyst D. Binder now anticipates that the brokerage will earn $1.38 per share for the quarter, down from their previous estimate of $1.41. Jefferies Group currently has a “Buy” rating and a $86.00 price objective on the stock.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share.
A number of other analysts have also recently commented on the stock. Macquarie set a $61.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, October 4th. Guggenheim initiated coverage on shares of Wal-Mart Stores in a report on Friday, September 30th. They set a “buy” rating and a $82.00 target price on the stock. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Morgan Stanley set a $73.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 target price on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.93.
Wal-Mart Stores (NYSE:WMT) traded down 0.816% during trading on Monday, reaching $67.425. 5,736,262 shares of the company traded hands. The firm has a market capitalization of $208.56 billion, a price-to-earnings ratio of 14.516 and a beta of 0.20. The company’s 50-day moving average price is $71.63 and its 200 day moving average price is $70.99. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19.
A number of hedge funds have recently added to or reduced their stakes in the company. Vigilant Capital Management LLC raised its stake in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC acquired a new stake in Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC acquired a new stake in Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. raised its stake in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the sale, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $488,664,677.80. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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