Wal-Mart Stores, Inc. (NYSE:WMT) insider David Chojnowski sold 5,142 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.36, for a total transaction of $408,069.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Wal-Mart Stores, Inc. (NYSE WMT) traded down 4.65% during midday trading on Friday, reaching $75.24. The company had a trading volume of 56,233,027 shares. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $80.47. The firm has a market capitalization of $226.81 billion, a PE ratio of 17.08 and a beta of 0.30. The firm’s 50-day moving average price is $77.60 and its 200 day moving average price is $72.06. Wal-Mart Stores also was the recipient of some unusual options trading on Friday. Stock investors acquired 9,731 call options on the company. This represents an increase of approximately 278% compared to the average daily volume of 2,572 call options.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm had revenue of $116.53 billion during the quarter, compared to analyst estimates of $117.01 billion. During the same quarter last year, the firm earned $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of WMT. Itau Unibanco Holding S.A. acquired a new stake in shares of Wal-Mart Stores during the third quarter worth $104,000. Glassman Wealth Services raised its stake in shares of Wal-Mart Stores by 68.3% in the first quarter. Glassman Wealth Services now owns 1,471 shares of the retailer’s stock worth $106,000 after buying an additional 597 shares during the period. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Wal-Mart Stores by 187.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,620 shares of the retailer’s stock worth $117,000 after buying an additional 1,056 shares during the period. Hedge funds and other institutional investors own 30.15% of the company’s stock.
Several brokerages have weighed in on WMT. MKM Partners set a $72.00 price target on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Saturday, February 18th. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $74.00 target price on shares of Wal-Mart Stores in a report on Friday, May 5th. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $78.80.
Wal-Mart Stores Company Profile
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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