Analysts are expecting EPS growth rates to be at -4.00% this quarter and EPS estimate for next year reflect 5.53% growth rate. Hollencrest Securities Limited Liability invested in 0.03% or 2,970 shares. Finally, Cohen Lawrence B increased its position in Wal-Mart Stores by 0.4% in the first quarter. $193.96M worth of Wal-Mart Stores Inc (NYSE:WMT) shares were sold by WALTON S ROBSON. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. During the same quarter in the previous year, the business earned $0.98 earnings per share. Finally, Hussman Strategic Advisors Inc. raised its position in Wal-Mart Stores by 5,000.0% in the third quarter. They issued a "positive" rating and a $80.00 price target on the stock.
Back in April, Walmart launched what it calls a Pickup Discount, lower prices on roughly 10,000 items that customers can purchase on the store's website and have sent to any Walmart store for pickup. The stock of Boeing Co (NYSE:BA) has "Hold" rating given on Monday, November 2 by Standpoint Research.
In terms of Buy, Sell or Hold recommendations, Wal-Mart Stores (NYSE:WMT) has analysts' mean recommendation of 2.6. Jefferies Group LLC lifted their price target on Wal-Mart Stores from $86.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, May 12th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. $408,070 worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by Chojnowski David.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright and trademark law. Firefly Value Prns Limited Partnership has invested 0.04% in Wal-Mart Stores Inc (NYSE:WMT). Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.07. Insiders own 51.55% of the company's stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. "Spent $3.3 Billion on Jet.com" on May 12, 2017, also Businesswire.com with their article: "Wal-Mart Stores, Inc.to present at the Baird 2017 Global Consumer, Technology ..." published on May 31, 2017, Seekingalpha.com published: "Wal-Mart - Starting Fiscal 2018 Strong" on May 22, 2017. The stock was sold at an average price of $70.54, for a total transaction of $320,418,144.94. Following the completion of the transaction, the insider now owns 10,507,127 shares of the company's stock, valued at $740,752,453.50. The disclosure for this sale can be found here. Shares for $868,299 were sold by Gearhart Jeffrey J on Wednesday, May 24. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $528,548,785.60.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lingohr & Partner Asset Management GmbH raised its position in Wal-Mart Stores by 4.5% in the third quarter. Glassman Wealth Services increased its position in shares of Wal-Mart Stores by 68.3% in the first quarter. Virginia Retirement Systems ET AL now owns 878,000 shares of the retailer's stock valued at $63,321,000 after buying an additional 256,600 shares in the last quarter. Interocean Capital Llc acquired 18,025 shares as Wal (WMT)'s stock rose 13.55%. Montag A Associate has 0.99% invested in Boeing Co (NYSE:BA) for 53,918 shares. Cohen Lawrence B now owns 6,050 shares of the retailer's stock worth $436,000 after buying an additional 25 shares in the last quarter. Moreover, Prescott Group Capital Management L.L.C. has 2.4% invested in the company for 4.30 million shares. Hsbc Hldgs Public Limited Company invested 0.55% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT).
By historical standards, Wal-Mart Stores, Inc. remains a cheap stock. The company's stock had a trading volume of 1,359,398 shares. The company's 50 day moving average is $76.05 and its 200-day moving average is $71.31. Mitsubishi Ufj Trust & Banking Corp sold 86,135 shares as the company's stock rose 13.55% with the market.