Wal-Mart Stores (WMT) Earns Daily Media Impact Rating of 0.08
- Author: Eleanor Harrison May 18, 2017,
May 18, 2017, 16:35
A price target is the projected price level of a financial security stated by an investment analyst.
A number of other analysts have also recently weighed in on WMT. 1st Global Advisors Inc. increased its stake in Wal-Mart Stores by 4.0% in the third quarter. In last year's first quarter, the company posted earnings of $1.29 per share on $16.2 billion in sales.
It's Wal-Mart's latest attempt to boost growth in China since it sold its online business in the country to JD, China's No. 2 e-commerce site, in June 2016. The share price of KR has decreased by over -10.67% in the last six months. Sigma Planning Corp raised its stake in shares of Wal-Mart Stores by 7.4% in the third quarter.
WMT has a 1-year high price of $ 76.78 and 1-year low price of $60.99. Itau Unibanco Holding S.A. bought a new stake in Wal-Mart Stores during the third quarter worth about $104,000. Finally, Bollard Group LLC increased its position in shares of Wal-Mart Stores by 0.3% in the third quarter.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 76.29 on Thursday. The stock closed last trading session at $75.71, down by -0.55%, with a volume of 5,892,910 shares against an average volume for the last 30 days of 6,803,174. A total volume of 3.62 million shares were traded versus to average volume of 2.09 million shares. Wal-Mart Stores Inc has $90 highest and $55 lowest target.
The 50 day moving average of Wal-Mart Stores Inc (NYSE:WMT) is 73.85 whilst its 200 day moving average is 70.63. Asset Planning Services Ltd. increased its position in Wal-Mart Stores by 0.7% in the first quarter.
According to Zacks, "Shares of Wal-Mart have outperformed the industry over the past one year". The company has a market cap of $227.81 billion, a P/E ratio of 17.15 and a beta of 0.09. The business had revenue of $129.75 billion during the quarter, compared to the consensus estimate of $130.22 billion. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Wal-Mart Stores in a research note on Friday, February 10th. The stock has "Buy" rating by Argus Research on Wednesday, December 16. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. Wal-Mart Stores's dividend payout ratio is now 43.48%. Goldman Sachs maintained Wal-Mart Stores Inc (NYSE:WMT) on Wednesday, April 6 with "Neutral" rating. If you are reading this story on another publication, it was illegally stolen and reposted in violation of USA and global trademark & copyright law. Lathrop Inv Management holds 2.4% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT) for 115,173 shares. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.57 earnings per share. The firm has "Underperform" rating given on Saturday, August 22 by Wolfe Research. Eight analysts have issued estimates for Wal-Mart Stores' earnings. They set a "market perform" rating and a $71.00 price objective for the company. Morgan Stanley cut their price objective on Wal-Mart Stores from $74.00 to $70.00 and set an "equal weight" rating for the company in a research report on Monday, January 23rd. Stifel Nicolaus began coverage on shares of Wal-Mart Stores in a report on Thursday, January 19th. Of the 21 analysts who cover the stock, 10 rate it a "strong buy", nine rate it a "hold", and two rate it a "strong sell". The company now has an average rating of Hold and an average target price of $76.73. Also, major shareholder Alice L. Walton sold 4,542,361 shares of the stock in a transaction that occurred on Thursday, March 2nd. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 3,667,343 shares of the firm's stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $70.50, for a total transaction of $211,500,000.00. Company insiders own 51.55% of the company's stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,585,041 shares of company stock valued at $1,110,035,611.
Hedge funds have recently modified their holdings of the stock.
Year to Date (YTD) performance of Wal-Mart Stores Inc. The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club.