Traders purchased shares of Wal-Mart Stores Inc. (NYSE:WMT) on weakness during trading hours on Monday after Royal Bank Of Canada lowered their price target on the stock from $76.00 to $75.00. $170.81 million flowed into the stock on the tick-up and $71.79 million flowed out of the stock on the tick-down, for a money net flow of $99.02 million into the stock. Of all stocks tracked, Wal-Mart Stores had the 6th highest net in-flow for the day. Wal-Mart Stores traded down ($0.72) for the day and closed at $67.98
Other equities research analysts also recently issued reports about the company. Macquarie set a $61.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 4th. Guggenheim began coverage on Wal-Mart Stores in a research report on Friday, September 30th. They issued a “buy” rating and a $82.00 price target on the stock. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Morgan Stanley set a $73.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 price target on Wal-Mart Stores and gave the company a “hold” rating in a research report on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.29.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Middleton & Co Inc MA boosted its stake in shares of Wal-Mart Stores by 718.5% in the first quarter. Middleton & Co Inc MA now owns 35,132 shares of the retailer’s stock valued at $2,406,000 after buying an additional 30,840 shares during the period. Hyman Charles D acquired a new stake in shares of Wal-Mart Stores during the first quarter valued at approximately $1,291,000. IFP Advisors Inc boosted its stake in shares of Wal-Mart Stores by 6.9% in the first quarter. IFP Advisors Inc now owns 63,404 shares of the retailer’s stock valued at $4,343,000 after buying an additional 4,079 shares during the period. Dynamic Advisors Solutions LLC boosted its stake in shares of Wal-Mart Stores by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 8,985 shares of the retailer’s stock valued at $615,000 after buying an additional 372 shares during the period. Finally, BTC Capital Management Inc. boosted its stake in shares of Wal-Mart Stores by 25.8% in the first quarter. BTC Capital Management Inc. now owns 42,394 shares of the retailer’s stock valued at $2,905,000 after buying an additional 8,691 shares during the period. 29.55% of the stock is currently owned by institutional investors and hedge funds.
The company has a 50 day moving average of $71.63 and a 200 day moving average of $70.99. The firm has a market cap of $210.28 billion, a PE ratio of 14.64 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
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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