Wal-Mart Stores, Inc. (WMT) receives consensus rating of 2.40

Wal-Mart Stores, Inc. (WMT) receives consensus rating of 2.40

The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The firm earned "Buy" rating on Tuesday, March 14 by Bank of America. The original version of this article can be viewed at https://stocknewstimes.com/2017/11/16/wal-mart-stores-inc-wmt-updates-fy18-earnings-guidance.html.

Other hedge funds also recently added to or reduced their stakes in the company.

Wal-Mart's overall revenue increased 4.2% to $123.2 billion, ahead of expectations at $121 billion. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer's stock valued at $1,103,426,000 after acquiring an additional 580,373 shares in the last quarter. TrimTabs Asset Management LLC increased its position in Wal-Mart Stores by 89.2% during the 1st quarter. Northpointe Capital Llc accumulated 68,551 shares. WMT's value Change from Open was at -0.56% with a Gap of -0.82%. Pekin Singer Strauss Asset Mgmt Il stated it has 0.41% in Wal-Mart Stores Inc (NYSE:WMT). Moreover, Lesa Sroufe And Com has 3.58% invested in Wal-Mart Stores Inc (NYSE:WMT). Voya Invest Mgmt Ltd Limited Liability Company has 0% invested in Unifi, Inc.

Yesterday Wal-Mart (NYSE:WMT) traded -0.51% lower at $87.31.

Wal-Mart Stores raised its full-year profit projection Thursday, sending share prices higher despite reporting a plunge in third-quarter earnings due to one-time costs. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.03. The retail company's revenue from the same period of the year prior came in at $117.18 billion. $868,299 worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by Gearhart Jeffrey J on Wednesday, May 24.

In its guidance, the company predicted fiscal year 2018 GAAP earnings per share $3.84 to $3.92, fiscal year 2018 adjusted earnings per share of $4.38 to $4.46 (raised from $4.30 to $4.40), and comps (excluding fuel) for the 13-week period ending January 26, 2018 of 1.5 percent to 2 percent for Walmart U.S., and 1.5 percent to 2 percent for Sam's Club.

Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. United Services Automobile Association bought 291,606 shares as the company's stock rose 13.55% with the market.

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright laws.

Jcsd Capital Llc holds 8.73% of its portfolio in First Bancshares Inc for 306,171 shares. Northwestern Mutual Wealth Management Company acquired 5,483 shares as Wal (WMT)'s stock rose 13.55%. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00.

Willis Investment Counsel increased Wal (WMT) stake by 31.11% reported in 2017Q2 SEC filing. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. The institutional investor held 443,935 shares of the finance company at the end of 2017Q2, valued at $48.01M, up from 434,270 at the end of the previous reported quarter. The disclosure for this sale can be found here.

WMT has been the subject of a number of research analyst reports. BidaskClub raised shares of Wal-Mart Stores from a "hold" rating to a "buy" rating in a research note on Monday, July 31st. On Friday, August 18 the stock rating was maintained by RBC Capital Markets with "Underperform". Adell Harriman And Carpenter Inc has 3,285 shares for 0% of their portfolio. KeyCorp's price objective points to a potential downside of 88.96% from the stock's current price. Cetera Investment Advisers grew its stake in Wal-Mart Stores by 17.5% in the 3rd quarter. Net sales at Walmart's US operations totaled $77.724 billion, up from $74.550 billion in the prior-year period. According to eMarketer, while total USA retail sales in 2017 will reach $5.048 trillion, up 3.8 percent from 2016, ecommerce will grow 15.8 percent to $452.76 billion, accounting for 9 percent of total retail sales in the United States this year.

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