Wal-Mart Stores, Inc. (NYSE:WMT) insider Jeffrey J. Gearhart sold 9,216 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total value of $727,695.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.41% during midday trading on Friday, hitting $80.01. 3,496,452 shares of the stock were exchanged. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The firm’s 50 day moving average is $79.84 and its 200-day moving average is $76.00. The stock has a market capitalization of $240.67 billion, a price-to-earnings ratio of 19.22 and a beta of 0.30.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.
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A number of large investors have recently modified their holdings of WMT. Winfield Associates Inc. grew its stake in Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares in the last quarter. TrimTabs Asset Management LLC grew its stake in Wal-Mart Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares in the last quarter. Asset Planning Services Ltd. grew its stake in Wal-Mart Stores by 0.7% in the 1st quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares in the last quarter. 30.21% of the stock is owned by institutional investors.
Several research firms have recently weighed in on WMT. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a research note on Thursday. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Robert W. Baird set a $85.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, August 21st. UBS AG reissued a “neutral” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a research note on Sunday, August 20th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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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