Wal-Mart Stores Inc (WMT) Upgraded by Vetr Inc. to "Buy"

Cornelia Mascio
Aprile 25, 2017

State Street Corp now owns 72,714,226 shares of the retailer's stock valued at $5,026,451,000 after buying an additional 2,011,829 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Wal-Mart Stores by 4.8% in the third quarter. The company had a trading volume of 7,812,524 shares. (WMT) stands at 1.7 while the industry's and the sector's growth for next 5 years ticked at 6.31 and 10.84 respectively. BKS Advisors LLC purchased a new stake in Wal-Mart Stores during the third quarter valued at about $110,000. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer's stock valued at $118,000 after buying an additional 351 shares during the period. Finally, Price T Rowe Associates Inc. In contrast to the year ago quarter EPS was at 1. Price T Rowe Associates Inc. Corporate insiders own 51.55% of the company's stock.

Just yesterday Wal-Mart Stores Inc (NYSE:WMT) traded 0.19% higher at $74.93.

Currently, the stock carries a price to earnings ratio of 17.05, a price to book ratio of 2.94, and a price to sales ratio of 0.46.

The stock's price switched up 3.28% 20-Days Simple Moving Average, added 5.59% from 50-Days Simple Moving Average and rose 6.82% from 200 Days Simple Moving Average. Wal-Mart Stores has a one year low of $62.72 and a one year high of $75.40.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Tuesday, February 21st. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.96 by $0.02. The business earned $129.75 billion during the quarter, compared to the consensus estimate of $130.22 billion. The company's revenue was up.8% compared to the same quarter past year. The company's revenue was up.8% on a year-over-year basis. Investors of record on Friday, December 8th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores's payout ratio is presently 43.48%. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. and worldwide copyright and trademark law.

Several analysts have recently commented on WMT shares. Deutsche Bank AG reiterated a "hold" rating on shares of Wal-Mart Stores in a report on Wednesday, January 18th. The stock tapped a 52-week high of US$75.4 while the mean 12-month price target for the shares is US$74.42. Nomura set a $81.00 price objective on shares of Wal-Mart Stores and gave the stock a "buy" rating in a research note on Monday, November 21st. Recently, investment analysts covering the stock have updated the mean rating to 2.7. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating.

In other news, major shareholder Jim C. Walton sold 4,375,337 shares of the company's stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $70.54, for a total value of $320,418,144.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The short ratio in the company's stock is documented at 3.87 and the short float is around of 2.45%. The shares were sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the transaction, the insider now owns 10,507,127 shares in the company, valued at approximately $756,408,072.73. The disclosure for this sale can be found here.

ILLEGAL ACTIVITY WARNING: "Wal-Mart Stores Inc (WMT) Upgraded at Vetr Inc." was first posted by Transcript Daily and is the sole property of of Transcript Daily. The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club.

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