Wal-Mart Stores Inc. (NYSE:WMT) – Research analysts at KeyCorp cut their Q1 2018 EPS estimates for shares of Wal-Mart Stores in a research report issued to clients and investors on Thursday. KeyCorp analyst E. Yruma now forecasts that the brokerage will post earnings per share of $1.04 for the quarter, down from their prior forecast of $1.05. KeyCorp has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $1.30 EPS.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The company earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same quarter last year, the company earned $1.08 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis.
WMT has been the topic of a number of other research reports. Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $75.25 target price on the stock. in a research report on Thursday, September 15th. JPMorgan Chase & Co. set a $75.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 4th. Jefferies Group set a $86.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 22nd. Macquarie set a $61.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 4th. Finally, Buckingham Research set a $70.00 target price 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 assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $74.93.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.816% during mid-day trading on Monday, hitting $67.425. The company’s stock had a trading volume of 5,967,598 shares. The company has a 50-day moving average of $71.63 and a 200 day moving average of $70.99. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The company has a market cap of $208.56 billion, a price-to-earnings ratio of 14.516 and a beta of 0.20.
Institutional investors have recently added to or reduced their stakes in the company. Vigilant Capital Management LLC boosted its position 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 period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC bought a new position in Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC bought a new position in Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. boosted its position 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 period. 29.55% of the stock is currently owned by institutional investors.
In other news, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $488,664,677.80. The disclosure for this sale can be found here. Insiders own 51.55% 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 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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