Wal-Mart Stores, Inc. (NYSE:WMT) – Equities research analysts at Jefferies Group decreased their Q3 2018 earnings per share (EPS) estimates for Wal-Mart Stores in a note issued to investors on Tuesday. Jefferies Group analyst D. Binder now anticipates that the retailer will post earnings per share of $0.96 for the quarter, down from their previous forecast of $0.98. Jefferies Group has a “Buy” rating and a $97.00 price target on the stock. Jefferies Group also issued estimates for Wal-Mart Stores’ FY2018 earnings at $4.45 EPS and FY2021 earnings at $6.20 EPS.

WMT has been the subject of a number of other reports. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Vetr downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 target price for the company. in a research report on Monday, June 19th. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $83.11.

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Wal-Mart Stores (NYSE WMT) traded up 0.56% during midday trading on Thursday, reaching $86.21. The company’s stock had a trading volume of 6,982,350 shares. The firm has a 50 day moving average of $79.62 and a 200 day moving average of $77.38. The firm has a market cap of $257.53 billion, a P/E ratio of 20.71 and a beta of 0.29. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $86.37.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS.

Several hedge funds have recently bought and sold shares of WMT. Winfield Associates Inc. grew its holdings in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares during the period. TrimTabs Asset Management LLC grew its holdings in shares of Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Wal-Mart Stores by 3.3% during 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 acquiring an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its holdings in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC grew its holdings in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the period. Hedge funds and other institutional investors own 30.19% of the company’s stock.

In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 in the last quarter. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores declared that its board has authorized a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.

Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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