Wal-Mart Stores Inc. (NYSE:WMT) – Stock analysts at KeyCorp issued their Q3 2017 EPS estimates for Wal-Mart Stores in a research note issued on Thursday. KeyCorp analyst E. Yruma anticipates that the firm will post earnings per share of $0.97 for the quarter. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $4.36 EPS, Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $1.39 EPS and FY2018 earnings at $4.54 EPS.
Other research analysts have also recently issued research reports about the stock. Jefferies Group upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $82.00 in a research report on Monday, June 6th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 price objective for the company in a research report on Thursday, June 23rd. Finally, Nomura restated a “buy” rating and issued a $81.00 price objective on shares of Wal-Mart Stores in a research report on Thursday, June 23rd. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.53.
Wal-Mart Stores (NYSE:WMT) opened at 72.12 on Monday. The stock’s 50 day moving average price is $72.16 and its 200 day moving average price is $70.84. The firm has a market capitalization of $223.09 billion, a PE ratio of 15.53 and a beta of 0.22. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the 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 had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period last year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis.
In related news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction on 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 of the company’s stock, 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.
Large investors have recently bought and sold shares of the stock. Kelman Lazarov Inc. bought a new stake in Wal-Mart Stores during the first quarter valued at $949,000. Carroll Financial Associates Inc. increased its stake in Wal-Mart Stores by 3.4% in the first quarter. Carroll Financial Associates Inc. now owns 10,988 shares of the retailer’s stock valued at $752,000 after buying an additional 362 shares during the period. City Holding Co. increased its stake in Wal-Mart Stores by 6.9% in the first quarter. City Holding Co. now owns 34,657 shares of the retailer’s stock valued at $2,374,000 after buying an additional 2,241 shares during the period. Tompkins Financial Corp increased its stake in Wal-Mart Stores by 60.8% in the first quarter. Tompkins Financial Corp now owns 38,506 shares of the retailer’s stock valued at $2,637,000 after buying an additional 14,562 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Wal-Mart Stores by 15.1% in the first quarter. Raymond James Trust N.A. now owns 82,806 shares of the retailer’s stock valued at $5,671,000 after buying an additional 10,836 shares during the period. 29.55% of the stock is owned by hedge funds and other institutional investors.
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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