Wal-Mart Stores Inc. (NYSE:WMT) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.33.
Wal-Mart Stores Inc. (NYSE:WMT) opened at 68.70 on Monday. Wal-Mart Stores Inc. has a 52 week low of $56.30 and a 52 week high of $75.19. The stock has a 50 day moving average of $71.77 and a 200 day moving average of $70.95. The company has a market cap of $212.51 billion, a P/E ratio of 14.79 and a beta of 0.20.
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, beating analysts’ consensus estimates 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 company earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.
A number of equities research analysts recently weighed in on WMT shares. Vetr upgraded shares of Wal-Mart Stores from a hold rating to a buy rating and set a $73.65 price objective for the company in a report on Monday, June 13th. Nomura reiterated a buy rating and set a $81.00 price objective on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Credit Suisse Group AG restated a hold rating on shares of Wal-Mart Stores in a report on Wednesday, June 22nd. Bank of America Corp. restated a neutral rating and issued a $72.00 price target on shares of Wal-Mart Stores in a report on Saturday, June 25th. Finally, Jefferies Group restated a buy rating on shares of Wal-Mart Stores in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $75.56.
In related news, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department raised its stake in shares of Wal-Mart Stores by 106.3% in the second quarter. State of Tennessee Treasury Department now owns 1,776,912 shares of the retailer’s stock worth $129,751,000 after buying an additional 915,662 shares in the last quarter. Analytic Investors LLC raised its stake in shares of Wal-Mart Stores by 177.7% in the second quarter. Analytic Investors LLC now owns 1,185,161 shares of the retailer’s stock worth $86,540,000 after buying an additional 758,373 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Wal-Mart Stores during the second quarter worth about $46,949,000. Mackenzie Financial Corp raised its stake in shares of Wal-Mart Stores by 1,370.5% in the second quarter. Mackenzie Financial Corp now owns 605,011 shares of the retailer’s stock worth $44,178,000 after buying an additional 563,868 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Wal-Mart Stores by 1,565.9% in the second quarter. Quadrature Capital Ltd now owns 380,301 shares of the retailer’s stock worth $27,773,000 after buying an additional 357,472 shares in the last quarter. 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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