Walmart jumps after beating on earnings, raising guidance (WMT)

Walmart

Parsons Cap Mngmt Inc Ri accumulated 16,212 shares or 0.15% of the stock. Institutional owners hold 30.60% stake in the company, while insiders ownership held at 0.80%.

Net income dropped to $1.75 billion from $3.03 billion a year earlier due to a charge related to retiring higher-rate debt and exiting properties in worldwide markets. $90.35 million worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by WALTON JIM C.

The Bentonville, Arkansas-based company earned $1.75 billion, or 58 cents per share, in the third quarter. $868,299 worth of Wal-Mart Stores Inc (NYSE:WMT) shares were sold by Gearhart Jeffrey J. Canney Jacqueline P sold 1,322 shares worth $104,113. Independent Advisor Alliance now owns 23,541 shares of the retailer's stock worth $1,896,000 after acquiring an additional 1,783 shares during the last quarter. LLBH Private Wealth Management LLC raised its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 5,186 shares of the retailer's stock valued at $393,000 after purchasing an additional 253 shares in the last quarter. San Francisco Sentry Investment Group CA now owns 3,564 shares of the retailer's stock valued at $269,000 after purchasing an additional 696 shares in the last quarter.

Several other institutional investors also recently made changes to their positions in WMT. Euclidean Techs Mngmt Ltd Liability Co reported 2.14% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). Bank of America Corporation set a $100.00 price target on Wal-Mart Stores and gave the company a buy rating in a research note on Tuesday, October 10th. More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Benzinga.com and their article: "Mike Khouw Sees Unusual Options Activity In Walmart" published on November 16, 2017 as well as Chicagotribune.com's news article titled: "Walmart's aggressive discounting, moves to spiff up stores is working" with publication date: November 16, 2017. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. The stock has an average rating of "Hold" and an average target price of $87.96. (NYSE:WMT) are experiencing unusual volume during today's trading. Alpha Windward Limited Liability Company holds 10,681 shares or 0.52% of its portfolio. 11,195 are held by Weatherly Asset Mgmt L P. Moreover, Ifrah Financial Service has 0.6% invested in Wal-Mart Stores Inc (NYSE:WMT).

Wal-Mart Stores Inc.is predictable to report third-quarter earnings Thursday before the opening bell, and analysts think the company's efforts across both in-store and online sales are pushing it ahead of the competition. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The retail company's revenue from the same period of the year prior came in at $117.18 billion.

Consensus estimates call for fourth-quarter EPS of $1.33 and revenues of $134.4 billion.

Among 35 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 1 Sell and 17 Hold.

Wal-Mart Stores declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. About 22.79M shares traded or 169.70% up from the average. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued. Wal-Mart Stores Inc had 119 analyst reports since August 14, 2015 according to SRatingsIntel. "(WMT)" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another domain, it was stolen and republished in violation of USA and global trademark & copyright legislation.

Sales at Wal-Mart International were up 4.1% to $29.5B. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00.

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