Wal-Mart Stores, Inc. (NYSE:WMT) insider Rosalind G. Brewer sold 32,350 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total value of $2,210,152.00. Following the sale, the insider now owns 245,328 shares in the company, valued at $16,760,808.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at 68.71 on Tuesday. The stock has a market cap of $211.16 billion, a price-to-earnings ratio of 14.90 and a beta of 0.10. The company has a 50 day moving average price of $70.28 and a 200 day moving average price of $71.34. Wal-Mart Stores, Inc. has a 52 week low of $60.20 and a 52 week high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company earned $118.20 billion during the quarter, compared to the consensus estimate of $118.69 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Wal-Mart Stores’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Wal-Mart Stores, Inc. will post $4.32 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Sentinel Trust Co. LBA increased its position in Wal-Mart Stores by 10.9% in the fourth quarter. Sentinel Trust Co. LBA now owns 45,080 shares of the retailer’s stock valued at $3,116,000 after buying an additional 4,415 shares in the last quarter. Fort Point Capital Partners LLC increased its position in Wal-Mart Stores by 0.4% in the third quarter. Fort Point Capital Partners LLC now owns 4,663 shares of the retailer’s stock valued at $336,000 after buying an additional 20 shares in the last quarter. RGT Capital Management Ltd. bought a new position in Wal-Mart Stores during the third quarter valued at about $379,000. Cutler Investment Counsel LLC increased its position in Wal-Mart Stores by 0.8% in the third quarter. Cutler Investment Counsel LLC now owns 90,976 shares of the retailer’s stock valued at $6,561,000 after buying an additional 743 shares in the last quarter. Finally, SevenBridge Financial Group LLC increased its position in Wal-Mart Stores by 64.8% in the third quarter. SevenBridge Financial Group LLC now owns 21,553 shares of the retailer’s stock valued at $1,471,000 after buying an additional 8,476 shares in the last quarter. Institutional investors own 28.81% of the company’s stock.
A number of brokerages have issued reports on WMT. MKM Partners restated a “neutral” rating and set a $72.00 price objective on shares of Wal-Mart Stores in a research report on Thursday, December 29th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, December 28th. KeyCorp reiterated an “overweight” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a report on Wednesday, December 28th. Jefferies Group reiterated a “buy” rating and issued a $86.00 price target on shares of Wal-Mart Stores in a report on Wednesday, December 28th. Finally, Guggenheim reiterated a “buy” rating on shares of Wal-Mart Stores in a report on Wednesday, December 28th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and an average target price of $75.30.
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 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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