Investors Buy Wal-Mart Stores Inc. (WMT) on Weakness
Investors bought shares of Wal-Mart Stores Inc. (NYSE:WMT) on weakness during trading hours on Friday. $276.11 million flowed into the stock on the tick-up and $200.95 million flowed out of the stock on the tick-down, for a money net flow of $75.16 million into the stock. Of all equities tracked, Wal-Mart Stores had the 9th highest net in-flow for the day. Wal-Mart Stores traded down ($1.49) for the day and closed at $72.81
Several research analysts have recently commented on WMT shares. Robert W. Baird reaffirmed a “buy” rating on shares of Wal-Mart Stores in a report on Sunday, May 22nd. JPMorgan Chase & Co. reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Monday, June 6th. Royal Bank Of Canada lifted their price objective on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Friday. Jefferies Group reissued a “buy” rating and issued a $85.00 price objective (up from $82.00) on shares of Wal-Mart Stores in a research note on Wednesday, July 20th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $70.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, June 7th. Four research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $71.53.
The stock has a market cap of $226.37 billion and a price-to-earnings ratio of 15.67. The firm has a 50-day moving average of $73.50 and a 200-day moving average of $69.72.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores Inc. will post $4.33 EPS for the current year.
In other news, major shareholder Jim C. Walton sold 1,450,000 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $71.39, for a total value of $103,515,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rosalind G. Brewer sold 10,794 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $71.65, for a total transaction of $773,390.10. Following the completion of the sale, the executive vice president now directly owns 285,749 shares of the company’s stock, valued at $20,473,915.85. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of WMT. Parsons Capital Management Inc. RI boosted its stake in Wal-Mart Stores by 2.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 19,717 shares of the retailer’s stock valued at $1,209,000 after buying an additional 416 shares in the last quarter. Meridian Investment Counsel Inc. boosted its stake in Wal-Mart Stores by 2.9% in the fourth quarter. Meridian Investment Counsel Inc. now owns 25,040 shares of the retailer’s stock valued at $1,535,000 after buying an additional 705 shares in the last quarter. KBC Group NV boosted its stake in Wal-Mart Stores by 0.8% in the fourth quarter. KBC Group NV now owns 211,985 shares of the retailer’s stock valued at $12,994,000 after buying an additional 1,617 shares in the last quarter. Montag A & Associates Inc. boosted its stake in Wal-Mart Stores by 5.7% in the fourth quarter. Montag A & Associates Inc. now owns 48,571 shares of the retailer’s stock valued at $2,977,000 after buying an additional 2,600 shares in the last quarter. Finally, Bragg Financial Advisors Inc boosted its stake in Wal-Mart Stores by 4.9% in the fourth quarter. Bragg Financial Advisors Inc now owns 55,877 shares of the retailer’s stock valued at $3,425,000 after buying an additional 2,620 shares in the last quarter.
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’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club.