Wal-Mart Stores Inc. (NYSE:WMT) – Jefferies Group lowered their Q4 2017 earnings estimates for Wal-Mart Stores in a research note issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the brokerage will post earnings per share of $1.38 for the quarter, down from their prior forecast of $1.41. Jefferies Group has a “Buy” rating and a $86.00 price target on the stock.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping 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 earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. During the same quarter last year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis.
WMT has been the topic of several other reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $77.00 price target (up from $68.00) on shares of Wal-Mart Stores in a research note on Tuesday, August 2nd. Royal Bank Of Canada reduced their price target on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a research note on Friday, October 7th. Buckingham Research reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. BMO Capital Markets dropped their target price on Wal-Mart Stores to $63.00 in a report on Tuesday. Finally, Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $76.24 target price on the stock. in a report on Monday, August 8th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and an average target price of $74.93.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.10% during midday trading on Monday, reaching $67.46. The company had a trading volume of 8,933,387 shares. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The stock has a market capitalization of $208.67 billion, a PE ratio of 14.52 and a beta of 0.20. The company’s 50-day moving average is $71.48 and its 200-day moving average is $70.97.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vigilant Capital Management LLC increased its position in shares of 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 in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC bought a new position in shares of Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC bought a new position in shares of Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. increased its position in shares of 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 in the last quarter. Institutional investors own 29.55% of the company’s stock.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares in the company, valued at approximately $2,105,497.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at $488,664,677.80. The disclosure for this sale can be found here. Corporate 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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