Wal-Mart Stores, Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $660,146,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Wal-Mart Stores, Inc. (WMT) opened at $96.41 on Friday. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $100.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The stock has a market cap of $287,670.00, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. equities analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has approved a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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A number of institutional investors have recently added to or reduced their stakes in WMT. Hudock Capital Group LLC boosted its stake in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in Wal-Mart Stores by 0.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after purchasing an additional 10 shares during the last quarter. Sterneck Capital Management LLC boosted its stake in Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after purchasing an additional 22 shares during the last quarter. LLBH Private Wealth Management LLC boosted its stake in Wal-Mart Stores by 0.3% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after purchasing an additional 24 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its stake in Wal-Mart Stores by 0.3% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after purchasing an additional 24 shares during the last quarter. 30.22% of the stock is currently owned by hedge funds and other institutional investors.
WMT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, October 12th. Bank of America Corporation set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. KeyCorp set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, October 11th. Robert W. Baird set a $90.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Finally, Jefferies Group LLC increased their target price on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $92.38.
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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