Wal-Mart Stores, Inc. (NYSE:WMT) – KeyCorp raised their Q2 2018 EPS estimates for Wal-Mart Stores in a report released on Wednesday. KeyCorp analyst E. Yruma now forecasts that the retailer will post earnings of $1.09 per share for the quarter, up from their previous forecast of $1.08. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ FY2018 earnings at $4.38 EPS.
Several other equities analysts also recently weighed in on WMT. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and issued a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday. Oppenheimer Holdings, Inc. initiated coverage on Wal-Mart Stores in a research report on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $79.40.
Shares of Wal-Mart Stores (WMT) traded down 0.32% during trading on Friday, reaching $80.40. 7,905,495 shares of the company’s stock traded hands. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The stock has a market cap of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. The company has a 50 day moving average price of $77.44 and a 200-day moving average price of $74.15.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.
Several hedge funds have recently modified their holdings of WMT. Old Mutual Global Investors UK Ltd. increased its position in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after buying an additional 31,436 shares during the period. British Columbia Investment Management Corp increased its position in Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock valued at $57,359,000 after buying an additional 209,619 shares during the period. Davis R M Inc. acquired a new position in Wal-Mart Stores during the first quarter valued at $249,000. Cohen Lawrence B increased its position in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock valued at $436,000 after buying an additional 25 shares during the period. Finally, Teachers Advisors LLC increased its position in Wal-Mart Stores by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 3,251,918 shares of the retailer’s stock valued at $224,773,000 after buying an additional 35,845 shares during the period. Institutional investors and hedge funds own 30.09% of the company’s stock.
In other news, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the sale, the insider now directly owns 23,854 shares in the company, valued at $1,878,502.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock worth $1,816,131,604 over the last 90 days. Company insiders own 51.39% of the company’s stock.
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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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