Wal-Mart Stores, Inc. (NYSE:WMT) – Investment analysts at KeyCorp raised their FY2018 earnings estimates for shares of Wal-Mart Stores in a research report issued on Thursday. KeyCorp analyst E. Yruma now anticipates that the retailer will post earnings per share of $4.44 for the year, up from their previous estimate of $4.38. KeyCorp has a “Buy” rating and a $100.00 price target on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q4 2018 earnings at $1.37 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $1.43 EPS and FY2019 earnings at $4.70 EPS.
Other research analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Morningstar, Inc. reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. BidaskClub raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. lifted their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.38.
Wal-Mart Stores (NYSE:WMT) traded down $0.12 during midday trading on Monday, hitting $96.40. 6,170,694 shares of the stock were exchanged, compared to its average volume of 8,945,724. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores has a 52 week low of $65.28 and a 52 week high of $100.13. The firm has a market capitalization of $288,320.00, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.60 and a beta of 0.34.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis.
Wal-Mart Stores announced that its board has approved a stock repurchase program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director S Robson Walton sold 129,628 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at $269,068,260.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Insiders have sold 12,762,022 shares of company stock worth $1,081,386,185 in the last quarter. Company insiders own 51.39% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Vanguard Group Inc. increased its position in shares of Wal-Mart Stores by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. State Street Corp increased its position in shares of Wal-Mart Stores by 1.2% during the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. FMR LLC increased its position in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Wal-Mart Stores by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after acquiring an additional 224,821 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after acquiring an additional 174,296 shares in the last quarter. Hedge funds and other institutional investors own 30.22% 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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