Traders sold shares of Wal-Mart Stores Inc (NYSE:WMT) on strength during trading hours on Monday. $137.38 million flowed into the stock on the tick-up and $230.70 million flowed out of the stock on the tick-down, for a money net flow of $93.32 million out of the stock. Of all equities tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $1.16 for the day and closed at $109.55
Several equities analysts recently commented on the company. Barclays raised their target price on Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price for the company in a research report on Monday, November 27th. Stephens set a $117.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Macquarie set a $85.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, UBS Group set a $100.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Eighteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.80.
The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. The firm has a market cap of $319,140.00, a PE ratio of 28.65, a PEG ratio of 4.29 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. research analysts predict that Wal-Mart Stores Inc will post 4.43 earnings per share for the current year.
Wal-Mart Stores announced that its board has authorized a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the sale, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in WMT. Lenox Wealth Advisors Inc. grew its stake in shares of Wal-Mart Stores by 13,287.5% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after purchasing an additional 1,063 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $127,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of Wal-Mart Stores by 3.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its stake in shares of Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $181,000. Institutional investors own 30.53% 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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