Equities Analysts Set Expectations for Wal-Mart Stores Inc.’s Q1 2018 Earnings (WMT)
Wal-Mart Stores Inc. (NYSE:WMT) – Investment analysts at KeyCorp decreased their Q1 2018 earnings estimates for Wal-Mart Stores in a research note issued to investors on Thursday. KeyCorp analyst E. Yruma now expects that the firm will post earnings per share of $1.04 for the quarter, down from their prior estimate of $1.05. KeyCorp has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $1.30 EPS.
Several other analysts also recently issued reports on the company. Morgan Stanley reiterated a “hold” rating and issued a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $70.00 price target on shares of Wal-Mart Stores in a report on Thursday, August 18th. Buckingham Research reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Friday, September 9th. Finally, Cowen and Company upgraded Wal-Mart Stores from a “market perform” rating to an “outperform” rating and increased their price target for the company from $76.00 to $83.00 in a report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $74.93.
Wal-Mart Stores (NYSE:WMT) traded up 0.10% on Monday, reaching $67.46. The company had a trading volume of 8,933,387 shares. The stock’s 50-day moving average price is $71.48 and its 200 day moving average price is $70.97. The firm has a market capitalization of $208.67 billion, a price-to-earnings ratio of 14.52 and a beta of 0.20. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The firm earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share.
A number of institutional investors have recently bought and sold shares of the company. Middleton & Co Inc MA raised its position in Wal-Mart Stores by 718.5% in the first quarter. Middleton & Co Inc MA now owns 35,132 shares of the retailer’s stock worth $2,406,000 after buying an additional 30,840 shares in the last quarter. Hyman Charles D purchased a new position in Wal-Mart Stores during the first quarter worth approximately $1,291,000. IFP Advisors Inc raised its position in Wal-Mart Stores by 6.9% in the first quarter. IFP Advisors Inc now owns 63,404 shares of the retailer’s stock worth $4,343,000 after buying an additional 4,079 shares in the last quarter. Dynamic Advisors Solutions LLC raised its position in Wal-Mart Stores by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 8,985 shares of the retailer’s stock worth $615,000 after buying an additional 372 shares in the last quarter. Finally, BTC Capital Management Inc. raised its position in Wal-Mart Stores by 25.8% in the first quarter. BTC Capital Management Inc. now owns 42,394 shares of the retailer’s stock worth $2,905,000 after buying an additional 8,691 shares in the last quarter. 29.55% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the transaction, the insider now owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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