Jacqueline P. Canney Sells 1,586 Shares of Wal-Mart Stores, Inc. (WMT) Stock
Wal-Mart Stores, Inc. (NYSE:WMT) insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. Following the sale, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at 78.14 on Friday. The company has a 50-day moving average of $79.87 and a 200 day moving average of $76.28. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The firm has a market cap of $233.42 billion, a price-to-earnings ratio of 18.77 and a beta of 0.30.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.
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A number of institutional investors have recently modified their holdings of WMT. Winfield Associates Inc. raised its stake in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.
Several equities analysts have recently commented on WMT shares. Royal Bank Of Canada set a $76.00 price target on shares of Wal-Mart Stores and gave the company a “sell” rating in a report on Friday, August 4th. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Citigroup Inc. boosted their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Stephens upgraded shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $78.00 to $91.00 in a report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $80.57.
About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. 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.
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