PT Notice & Review for Wal-Mart Stores, Inc. (NYSE:WMT)
- by Emilio Sims
- in Money
- — Jan 11, 2017
(NYSE:WMT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Strong Sell rating was given by 0 brokerage firms.
Growth Estimate for Wal-Mart Stores Inc.
The stock is now showing YTD performance of -0.59 Percent. Dimensional Fund Advisors LP now owns 7,418,449 shares of the retailer's stock worth $541,665,000 after buying an additional 1,449,033 shares during the last quarter. Legal & General Group Plc raised its stake in Wal-Mart Stores by 2.6% in the second quarter. Regentatlantic Capital LLC's holdings in Wal-Mart Stores were worth $8,738,000 at the end of the most recent reporting period. Finally, Analytic Investors LLC increased its stake in shares of Wal-Mart Stores by 177.7% in the second quarter.
Wal-Mart Stores Inc. closed its last trading session at $68.26 with the gain of 0.66%. Weekly volatility of SNH is 1.75% and monthly volatility is 2.36%. (NYSE:WMT) declined -1.37% to $68.26. BREWER ROSALIND G now owns 245,328 shares in the company after this transaction. The stock's 50-day moving average price is $70.28 and its 200-day moving average price is $71.34.
On Jun 11, 2016, in a surprising declaration, Wal-Mart's Canadian wing stated that it would stop accepting Visa in all its stores across Canada, citing that Visa charges "unacceptably high" card transaction fees. The stock has a market capitalization of $213.71 billion, a P/E ratio of 15.08 and a beta of 0.11. The retailer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. This estimate is provided by 18 analysts.
The company has been cutting jobs to preserve profits while investing billions to boost e-commerce sales, improve stores and raise wages for store employees. A look on the firm performance, its monthly performance is -14.28% and a quarterly performance of -1.87%.
The average true range of Wal-Mart Stores, Inc.'s (WMT) is recorded at 0.90 and the relative strength index of the stock stands 37.66.
A number of research firms recently weighed in on WMT. And a quick view of analyst notes show that 5 are rating the stock a buy while 4 rate WMT a strong buy. Credit Suisse Group assumed coverage on Wal-Mart Stores in a research report on Friday, September 16th. The most bullish, or aggressive analyst target pins the projected price at $1900, while the most bearish, or conservative analyst sees the stock reaching $1500. The company rocked its 52-Week High of $75.19 on Aug 18, 2016 and touched its 52-Week Low of $60.2 on Jan 20, 2016. Finally, Citigroup Inc. restated a "neutral" rating on shares of Wal-Mart Stores in a research report on Monday, October 3rd. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.42 on scale of 1-5. The stock presently has a consensus rating of "Hold" and a consensus price target of $75.30.
In related news, CEO C Douglas Mcmillon sold 75,063 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, November 21st. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 51.55% of the company's stock.