Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Hits New 12-Month Low – Here’s Why

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) hit a new 52-week low on Monday . The company traded as low as $26.20 and last traded at $26.70, with a volume of 3315 shares trading hands. The stock had previously closed at $26.8997.

Analyst Ratings Changes

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price on the stock. in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $42.00.

Wal-Mart de Mexico SAB de CV Price Performance

The firm has a market capitalization of $45.83 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 5.70 and a beta of 0.63. The business’s 50 day moving average price is $27.82 and its 200-day moving average price is $29.97.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.32 billion. As a group, analysts expect that Wal-Mart de Mexico SAB de CV will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 544,703 shares of the company’s stock after purchasing an additional 16,289 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Wal-Mart de Mexico SAB de CV were worth $16,020,000 at the end of the most recent reporting period.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates a portfolio of stores across Mexico and Central America. It serves consumers through a range of formats, including Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores, and Sam’s Club membership warehouses.

The company sells groceries, fresh foods, household goods, apparel, electronics, general merchandise, and other consumer products. Its business also includes e-commerce and digital shopping services, supported by store-based fulfillment and delivery capabilities.