Traders Buy Shares of Wal-Mart Stores Inc. (WMT) on Weakness
Investors purchased shares of Wal-Mart Stores Inc. (NYSE:WMT) on weakness during trading on Monday. $152.98 million flowed into the stock on the tick-up and $73.52 million flowed out of the stock on the tick-down, for a money net flow of $79.46 million into the stock. Of all stocks tracked, Wal-Mart Stores had the highest net in-flow for the day. Wal-Mart Stores traded down ($0.34) for the day and closed at $72.50
WMT has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sell” rating on shares of Wal-Mart Stores in a research note on Sunday, May 22nd. Robert W. Baird reissued a “buy” rating on shares of Wal-Mart Stores in a research note on Sunday, May 22nd. Citigroup Inc. reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Sunday, May 22nd. Jefferies Group set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, May 17th. Three research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $73.07.
The firm has a 50-day moving average price of $73.04 and a 200-day moving average price of $70.09. The company has a market cap of $224.26 billion and a price-to-earnings ratio of 15.61.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Equities analysts predict that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 1,450,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was 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 SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction 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 sale, the insider now owns 10,507,127 shares in the company, valued at $767,230,413.54. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Wal-Mart Stores stock. American International Group Inc. increased its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 734.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,379,113 shares of the retailer’s stock after buying an additional 5,614,652 shares during the period. Wal-Mart Stores accounts for about 1.6% of American International Group Inc.’s investment portfolio, making the stock its 10th largest position. American International Group Inc. owned approximately 0.20% of Wal-Mart Stores worth $391,040,000 as of its most recent filing with the SEC.
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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