Wal-Mart Stores, Inc. (NYSE:WMT) insider Jeffrey J. Gearhart sold 9,216 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total transaction of $727,695.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.88% during midday trading on Friday, hitting $80.38. 13,317,757 shares of the company were exchanged. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The firm has a market capitalization of $241.78 billion, a PE ratio of 19.31 and a beta of 0.30. The stock has a 50 day moving average of $79.86 and a 200 day moving average of $76.06.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, equities analysts predict that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of WMT. FMR LLC lifted its stake in shares of Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after buying an additional 5,608,785 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Wal-Mart Stores by 161.4% during the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after purchasing an additional 2,035,800 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Wal-Mart Stores by 42.6% during the second quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after purchasing an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Wal-Mart Stores by 52.9% during the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after purchasing an additional 1,689,364 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Wal-Mart Stores during the first quarter valued at approximately $111,777,000. Hedge funds and other institutional investors own 30.21% of the company’s stock.
Several research analysts have commented on the stock. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a research report on Thursday. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Robert W. Baird set a $85.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 21st. UBS AG reiterated a “neutral” rating and set a $84.00 price target on shares of Wal-Mart Stores in a report on Sunday, August 20th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $80.25.
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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