Wal-Mart Stores Inc
- Author: Joanne Flowers Feb 25, 2017,
Feb 25, 2017, 6:40
A number of research analysts have issued reports on the stock. Vanguard Group Inc owns $7.32 billion in Wal-Mart Stores, Inc., which represents roughly 3.36% of the company's market cap and approximately 11.21% of the institutional ownership. Wells Fargo & Company started coverage on shares of Wal-Mart Stores in a report on Wednesday, January 25th. On Jan 20, 2017, Stifel Nicolaus said it Reinstates its rating on Wal-Mart Stores. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and nine have given a buy rating to the company. Finally, Royal Bank of Canada upped their target price on Wal-Mart Stores from $66.00 to $67.00 and gave the company an "underperform" rating in a research note on Wednesday. The share price is trading in a range of $71.16 - 72.50. The company has a market cap of $90.24B and now has 2.4B shares outstanding. The company rocked its 52-Week High of $75.19 on Aug 18, 2016 and touched its 52-Week Low of $62.72 on May 18, 2016. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.48, suggesting the market has given up on the stock.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 17th.
Now, the FactSet Research estimate calls for Q1 2017 earnings of US$0.96. The business had revenue of $118.20 billion for the quarter, compared to the consensus estimate of $118.69 billion. During the same period previous year, the firm earned $1.49 EPS. The average revenue estimate for the year ending January 2018 is $494.34B by 28 analysts. Equities analysts predict that Wal-Mart Stores will post $4.33 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. (NYSE:WMT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The stock exchanged hands with 12.80 million shares contrast to its average daily volume of 9.81 million shares. Institutional investors own 29.69% of the company's stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Following the completion of the transaction, the insider now directly owns 245,328 shares in the company, valued at approximately $16,760,808.96.
Wal-Mart Stores Inc has 3,073,190,000 shares now held by shareholders which now trade around the 71.75 mark which totals Wal-Mart Stores Inc's market capitalisation to 220.49B Dollars.
For the Current Quarter, the growth estimate for Wal-Mart Stores Inc.is -2%, while for the Next Quarter the stock growth estimate is 0%. Putnam Investments LLC now owns 1,392,372 shares of the retailer's stock worth $96,241,000 after buying an additional 165,857 shares during the period.
The analysts offering 12 month price targets for Wal-Mart Stores, Inc. have a median target of $73, with a high estimate of $90 and a low estimate of $60.