Wal-Mart Stores Inc (NYSE: WMT)

Javier Stokes
November 17, 2017

On Tuesday, August 18 the stock rating was maintained by Sterne Agee CRT with "Neutral". While the stock price moved along with the volume change, shares are touching $97.89 at the time of writing. Credit Suisse Group restated a "hold" rating and set a $84.00 price target on shares of Wal-Mart Stores in a research report on Friday, August 18th.

Wal-Mart Stores, Inc. (WMT) pays a dividend of 2.04, which translates to dividend yield of 2.24% based on the current price. The company has grown sales at a 25.60% annual rate over the past five years, putting it in the high growth category. The stock presently has an average rating of "Hold" and a consensus target price of $87.96.

Hosking Partners LLP purchased a new position in shares of Wal-Mart Stores, Inc. On Tuesday, May 23 Canney Jacqueline P sold $104,113 worth of Wal-Mart Stores Inc (NYSE:WMT) or 1,322 shares. The stock decreased 0.11% or $0.04 on November 15, reaching $34.76.

Walmart reported third-quarter earnings that were above Wall Street's expectations. The company had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion.

The third quarter marked Wal-Mart's strongest US sales growth since 2009 despite sluggish demand and competition from Amazon.com Inc AMZN.O that has hurt brick-and-mortar rivals.

COPYRIGHT VIOLATION WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright law. Company trades at a P/E ratio of 23.96, and is less expensive than the average stock in the Discount, Variety Stores industry. Looking at volatility levels, the stock observed volatility of 1.34% in last week and saw volatility 1.29% over the past one month.

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Even so, the retailer's share price gained 4.3 percent in pre-market trading to $93.65. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm's stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. The disclosure for this sale can be found here. The institutional investor held 3.10M shares of the consumer services company at the end of 2017Q2, valued at $234.69 million, up from 2.96 million at the end of the previous reported quarter.

A number of hedge funds have recently modified their holdings of the business. Moreover, First Bank Of Omaha has 0.03% invested in Wal-Mart Stores Inc (NYSE:WMT). Miles Capital Inc. now owns 3,557 shares of the retailer's stock valued at $269,000 after purchasing an additional 106 shares in the last quarter.

Northwestern Mutual Wealth Management Company increased Wal (WMT) stake by 5.83% reported in 2017Q2 SEC filing.

But third-quarter earnings sank 42.4 percent to $1.7 billion due mainly to a loss connected to debt payments. 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, Dana Investment Advisors Inc. acquired a new stake in Wal-Mart Stores during the third quarter worth approximately $316,000. It is the same, as 5 investors sold UFI shares while 35 reduced holdings. only 19 funds opened positions while 38 raised stakes.

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. According to eMarketer, while total US retail sales in 2017 will reach $5.048 trillion, up 3.8 percent from 2016, ecommerce will grow 15.8 percent to $452.76 billion, accounting for 9 percent of total retail sales in the United States this year.

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