Thornburg Invest Mngmt Inc holds 0.65% in Wal-Mart Stores Inc (NYSE:WMT) or 1.13 million shares. (NYSE:WMT). Wal-Mart Stores, Inc. had a higher price at the close than it did at the open.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finally, Schwab Charles Investment Management Inc. grew its holdings in Wal-Mart Stores by 1.9% in the second quarter. For the past 5 years, the company's revenue has grown -8.1%, while the company's earnings per share has grown -38.5%. More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Reuters.com and their article: "Wal-Mart's new robots scan shelves to restock items faster" published on October 26, 2017 as well as Seekingalpha.com's news article titled: "The Curious Case Of Wal-Mart" with publication date: November 07, 2017. FMR LLC now owns 17,982,372 shares of the retailer's stock valued at $1,360,906,000 after purchasing an additional 5,608,785 shares during the period. UBS AG set a $91.00 target price on Wal-Mart Stores and gave the company a "neutral" rating in a research note on Friday.
Shares of company stock climbed 4.5 percent to $84.13 on October 10, reaching what was then a 52-week high. Hudock Capital Group LLC boosted its position in Wal-Mart Stores by 0.4% during the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer's stock worth $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Finally, Hanson McClain Inc. increased its holdings in Wal-Mart Stores by 13.8% in the second quarter. The company's institutional ownership is monitored at 30.6 percent. Wal-Mart Stores Inc. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 9.647852, and a current Price to Earnings ratio of 21.191319. The company has a market capitalization of $271,000.00, a P/E ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. Wal-Mart Stores, Inc.
How Active Are Wal-Mart Stores, Inc. The firm earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. The Return on Equity (ROE) and Return on Investment (ROI) values are 16.7 percent and 13.4 percent respectively. Equities research analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year. Legal & General Group Plc now owns 7,814,266 shares of the retailer's stock valued at $535,247,000 after buying an additional 203,692 shares during the period. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
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There's room for more upbeat analyst attention on WMT shares. Zacks Investment Research lowered shares of Wal-Mart Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, August 24th. The rating was downgraded by Goldman Sachs on Tuesday, January 17 to "Neutral". Analyst's mean target price for Remark Holdings, Inc. is $8. The stock of Wal-Mart Stores Inc (NYSE:WMT) earned "Hold" rating by Stifel Nicolaus on Wednesday, February 22. The majority of covering analysts have "hold" or "strong sell" ratings on the equity, and it's trading above its average 12-month price target of $88.77. Wal-Mart Stores presently has a consensus rating of Hold and a consensus target price of $87.27.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 621,500 shares of the company's stock in a transaction on Thursday, August 31st. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 24th. The total dollar value of all 2.97 billion outstanding shares is 269.95 billion. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was copied illegally and republished in violation of USA and worldwide copyright laws. The stock of Wal-Mart Stores Inc (NYSE:WMT) has "Underperform" rating given on Tuesday, May 3 by RBC Capital Markets. Jefferies Group also issued estimates for Wal-Mart Stores' Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $4.80 EPS. Three years ago, the same study indicated that Walmart's pricing difference was 9% on average, clearly showing that the company has closed a gap. 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. It is positive, as 59 investors sold WMT shares while 517 reduced holdings.