Walmart Inc. (WMT): What's the Story?

Share

(NYSE:WMT) earned "Buy" rating by KeyBanc Capital Markets on Tuesday, September 19. Wal-Mart Stores's dividend payout ratio (DPR) is now 54.26%. It also provides financial services and other products like prepaid cards, money orders, wire transfers, bill payment and check cashing. Stephens set a $117.00 target price on Wal-Mart Stores and gave the company a "buy" rating in a research note on Tuesday, January 16th. Royal Bank of Canada lifted their price target on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an "underperform" rating in a report on Friday, November 17th. Robert W. Baird reiterated an "outperform" rating and set a $95.00 target price (up from $90.00) on shares of Wal-Mart Stores in a research report on Thursday, November 9th. Sixteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock.

Shares of Wal-Mart Stores (NYSE:WMT) traded down $2.59 during mid-day trading on Wednesday, hitting $91.52. The stock witnessed -10.02% declines, -5.53% declines and 18.66% gains for the 1-month, 3-month and 6-month period, respectively. Renaissance Technology Ltd Limited Liability Company has invested 0.56% in Walmart Inc. During the same quarter last year, the firm earned $1.30 EPS. equities analysts expect that Wal-Mart Stores will post 4.44 earnings per share for the current fiscal year.

The world's largest retailer posted revenue of $136.27 billion, exceeding the average analyst estimate of $135.04 billion.

The company's Average Earnings Estimate for the Current Fiscal quarter is $1.13, according to consensus of 24 analysts. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores's revenue for the quarter was up 4.2% on a year-over-year basis. They expect $0.91 earnings per share, up 51.67% or $0.31 from last year's $0.6 per share. Hudock Capital Group LLC lifted its holdings in Wal-Mart Stores by 0.4% during the second quarter. Inc. now owns 1,526 shares of the retailer's stock worth $115,000 after buying an additional 1,252 shares during the last quarter. LLBH Private Wealth Management LLC boosted its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Comerica Bank now owns 575,839 shares of the retailer's stock valued at $50,070,000 after buying an additional 19,415 shares during the period.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The fund owned 30,655 shares of the retailer's stock after selling 875 shares during the quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer's stock valued at $859,814,000 after buying an additional 2,637,516 shares during the period. Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Williams Jones & Associates LLC now owns 28,370 shares of the retailer's stock worth $2,147,000 after purchasing an additional 200 shares during the last quarter. Also, insider Jacqueline P. Canney sold 2,065 shares of the business's stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $97.54, for a total value of $145,143,324.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

In related news, major shareholder Alice L. Walton sold 2,057,004 shares of the stock in a transaction that occurred on Tuesday, November 28th. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company's stock, valued at approximately $652,520,200.20. The disclosure for this sale can be found here.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Evercore Wealth Limited Liability Com invested in 0.08% or 25,759 shares. This is a positive change from Wal-Mart Stores's previous quarterly dividend of $0.51.

Stephen Innes, head of Asia-Pacific trading at OANDA, said: "US equity markets fell overnight on the back of higher US Treasury yields which are providing investors with more income than dividends on the S&P 500 Index".

At Wal-Mart U.S., strong comparable sales growth of 2.6% was driven by a 1.6% increase in customer traffic and a 1% increase in average ticket size. Quanta Services Inc. had 46 analyst reports since August 6, 2015 according to SRatingsIntel. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and global trademark and copyright law.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th.

Last month, Sam's Club began closing 63 USA clubs while turning a dozen of them into warehouses for digital sales, with the goal of speeding up deliveries.

Share