Wal-Mart Stores, Inc. (NYSE:WMT) SVP David Chojnowski sold 684 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $97.01 on Tuesday. The stock has a market cap of $289,790.00, a P/E ratio of 22.23, a PEG ratio of 3.59 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $100.13.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Thursday, October 12th. Bank of America set a $100.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. Deutsche Bank set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “hold” rating in a report on Thursday, November 16th. Jefferies Group set a $105.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, J P Morgan Chase & Co set a $102.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.68.
A number of institutional investors and hedge funds have recently made changes to their positions in WMT. FMR LLC boosted its stake in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after purchasing an additional 5,608,785 shares during the period. Alliancebernstein L.P. boosted its stake 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 period. Parametric Portfolio Associates LLC boosted its stake 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 period. Karp Capital Management Corp purchased a new stake in shares of Wal-Mart Stores during the first quarter valued at $111,777,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Wal-Mart Stores by 100.2% during the second quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after purchasing an additional 1,324,722 shares during the period. Institutional investors own 30.40% of the company’s stock.
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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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