Wal-Mart Stores (NYSE:WMT) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.75-5.00 for the period, compared to the Thomson Reuters consensus estimate of $5.08.
Shares of Wal-Mart Stores (WMT) traded down $9.97 on Tuesday, reaching $94.82. The company’s stock had a trading volume of 17,651,938 shares, compared to its average volume of 8,949,419. 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 has a 1-year low of $69.33 and a 1-year high of $109.98. The stock has a market cap of $282,430.00, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). The business had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. equities analysts expect that Wal-Mart Stores will post 4.44 earnings per share for the current fiscal year.
WMT has been the topic of a number of research reports. Zacks Investment Research downgraded Wal-Mart Stores from a buy rating to a hold rating in a research note on Tuesday, February 13th. CIBC dropped their price target on Wal-Mart Stores from $100.00 to $90.00 and set an outperform rating on the stock in a research note on Wednesday, November 15th. Stephens set a $117.00 price target on Wal-Mart Stores and gave the stock a buy rating in a research note on Tuesday, January 16th. Jefferies Group restated a buy rating and issued a $119.00 price target on shares of Wal-Mart Stores in a research note on Friday. Finally, Vetr upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $104.38 price target on the stock in a research note on Wednesday, January 10th. Seventeen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $101.44.
In other news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares in the company, valued at $322,430,815.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,057,004 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total value of $198,891,716.76. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $652,520,200.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,462,022 shares of company stock valued at $821,845,857. Company insiders own 51.39% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Miles Capital Inc. grew its position in shares of Wal-Mart Stores by 3.1% during the second quarter. 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. San Francisco Sentry Investment Group CA grew its position in shares of Wal-Mart Stores by 24.3% during the second quarter. San Francisco Sentry Investment Group CA now owns 3,564 shares of the retailer’s stock valued at $269,000 after purchasing an additional 696 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Wal-Mart Stores by 6.4% during the second quarter. Quadrant Capital Group LLC now owns 3,892 shares of the retailer’s stock valued at $252,000 after purchasing an additional 235 shares in the last quarter. Gyroscope Capital Management Group LLC purchased a new position in shares of Wal-Mart Stores during the second quarter valued at about $297,000. Finally, Krilogy Financial LLC grew its position in shares of Wal-Mart Stores by 5.1% during the second quarter. Krilogy Financial LLC now owns 5,186 shares of the retailer’s stock valued at $393,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 30.33% of the company’s stock.
About Wal-Mart Stores
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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