Wal-Mart Stores Inc. (NYSE:WMT) – Equities researchers at Northcoast Research dropped their FY2018 earnings estimates for shares of Wal-Mart Stores in a note issued to investors on Friday. Northcoast Research analyst C. Cerankosky now anticipates that the firm will post earnings per share of $4.43 for the year, down from their previous estimate of $4.54. Northcoast Research has a “Neutral” rating on the stock.
Several other equities research analysts have also recently weighed in on WMT. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price target for the company in a research note on Monday, June 13th. Nomura reissued a “buy” rating and issued a $81.00 price target on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Credit Suisse Group AG reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Wednesday, June 22nd. Bank of America Corp. reissued a “neutral” rating and issued a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Finally, Jefferies Group reissued a “buy” rating on shares of Wal-Mart Stores in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $74.93.
Wal-Mart Stores (NYSE:WMT) traded down 0.802% during midday trading on Monday, reaching $67.435. The company’s stock had a trading volume of 6,720,841 shares. The firm has a market cap of $208.59 billion, a P/E ratio of 14.518 and a beta of 0.20. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19. The firm has a 50 day moving average of $71.63 and a 200 day moving average of $70.99.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The firm had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock worth $4,903,327,000 after buying an additional 1,726,468 shares in the last quarter. BlackRock Fund Advisors increased its position in Wal-Mart Stores by 1.6% in the second quarter. BlackRock Fund Advisors now owns 19,309,257 shares of the retailer’s stock worth $1,409,962,000 after buying an additional 297,217 shares during the period. Geode Capital Management LLC increased its position in Wal-Mart Stores by 2.1% in the first quarter. Geode Capital Management LLC now owns 13,570,247 shares of the retailer’s stock worth $927,651,000 after buying an additional 284,071 shares during the period. Ameriprise Financial Inc. increased its position in Wal-Mart Stores by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 8,319,158 shares of the retailer’s stock worth $607,461,000 after buying an additional 389,425 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Wal-Mart Stores by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,146,797 shares of the retailer’s stock worth $594,878,000 after buying an additional 629,728 shares during the period. Institutional investors own 29.55% of the company’s stock.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.
Wal-Mart Stores Company Profile
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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