Investors Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Tuesday. $146.58 million flowed into the stock on the tick-up and $198.21 million flowed out of the stock on the tick-down, for a money net flow of $51.63 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.10 for the day and closed at $91.09

Several analysts have issued reports on the company. Jefferies Group LLC set a $105.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday. KeyCorp set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday. Barclays PLC set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday. UBS AG set a $91.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada set a $83.00 target price on Wal-Mart Stores and gave the company a “sell” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $87.54.

The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. The company has a market cap of $272,100.00, a PE ratio of 20.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the company earned $1.07 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. research analysts expect that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.

Wal-Mart Stores declared that its board has approved a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $536,309,652.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 621,500 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $528,278,842.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Winfield Associates Inc. grew its stake in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of 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 valued at $108,000 after purchasing an additional 45 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. grew 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 during the last quarter. Finally, Hudock Capital Group LLC grew its stake in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares during the last quarter. Institutional investors own 30.12% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Investors Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/11/15/investors-sell-shares-of-wal-mart-stores-inc-wmt-on-strength-wmt.html.

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.

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply