Q4 2019 EPS Estimates for Walmart Inc Cut by Analyst (WMT)
Walmart Inc (NYSE:WMT) – Equities research analysts at KeyCorp dropped their Q4 2019 earnings per share (EPS) estimates for shares of Walmart in a research note issued on Thursday, November 15th. KeyCorp analyst E. Yruma now expects that the retailer will post earnings of $1.33 per share for the quarter, down from their prior estimate of $1.35. KeyCorp currently has a “Overweight” rating and a $112.00 price target on the stock. KeyCorp also issued estimates for Walmart’s Q4 2020 earnings at $1.29 EPS.
Several other equities research analysts also recently commented on WMT. Gordon Haskett downgraded Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Zacks Investment Research cut Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 price target on shares of Walmart in a research note on Tuesday, August 7th. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Walmart in a research note on Thursday, August 9th. Finally, Guggenheim restated a “buy” rating and issued a $110.00 price target on shares of Walmart in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Walmart has a consensus rating of “Hold” and a consensus price target of $104.13.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Walmart by 1.9% in the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares during the period. FMR LLC increased its position in shares of Walmart by 1.2% in the third quarter. FMR LLC now owns 20,918,958 shares of the retailer’s stock worth $1,964,498,000 after purchasing an additional 242,074 shares during the period. AQR Capital Management LLC increased its position in shares of Walmart by 27.2% in the third quarter. AQR Capital Management LLC now owns 12,208,910 shares of the retailer’s stock worth $1,146,539,000 after purchasing an additional 2,608,732 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Walmart by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after purchasing an additional 148,000 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Walmart by 3.4% in the third quarter. Fisher Asset Management LLC now owns 9,931,750 shares of the retailer’s stock worth $932,691,000 after purchasing an additional 323,377 shares during the period. Hedge funds and other institutional investors own 29.09% of the company’s stock.
In other Walmart news, major shareholder Alice L. Walton sold 525,008 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $95.34, for a total transaction of $50,054,262.72. Following the transaction, the insider now owns 8,748,580 shares in the company, valued at approximately $834,089,617.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 1,276,062 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $95.19, for a total value of $121,468,341.78. Following the transaction, the director now owns 4,147,254 shares in the company, valued at approximately $394,777,108.26. The disclosure for this sale can be found here. Insiders have sold a total of 8,433,931 shares of company stock worth $803,955,004 in the last quarter. Company insiders own 51.11% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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