Wal-Mart Stores, Inc. (NYSE:WMT) – Research analysts at KeyCorp increased their Q1 2019 EPS estimates for Wal-Mart Stores in a note issued to investors on Tuesday. KeyCorp analyst E. Yruma now anticipates that the retailer will earn $1.05 per share for the quarter, up from their prior forecast of $1.03. KeyCorp has a “Buy” rating and a $100.00 price target on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $4.64 EPS.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/12/keycorp-weighs-in-on-wal-mart-stores-inc-s-q1-2019-earnings-wmt.html.

A number of other research analysts have also issued reports on the company. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday, August 11th. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. BMO Capital Markets reaffirmed a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.11.

Wal-Mart Stores (WMT) traded up 0.02% during trading on Thursday, hitting $85.75. 8,920,262 shares of the stock were exchanged. Wal-Mart Stores has a one year low of $65.28 and a one year high of $86.37. The stock’s 50 day moving average is $79.62 and its 200-day moving average is $77.38. The company has a market cap of $256.15 billion, a price-to-earnings ratio of 20.60 and a beta of 0.29.

Several institutional investors have recently made changes to their positions in WMT. Waldron LP acquired a new stake in shares of Wal-Mart Stores during the 1st quarter valued at about $313,000. Paragon Capital Management Ltd acquired a new stake in shares of Wal-Mart Stores during the 1st quarter valued at about $201,000. Nikko Asset Management Americas Inc. lifted its holdings in shares of Wal-Mart Stores by 20.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 10,549 shares of the retailer’s stock valued at $760,000 after buying an additional 1,800 shares during the last quarter. Parsec Financial Management Inc. lifted its holdings in shares of Wal-Mart Stores by 1.2% during the 1st quarter. Parsec Financial Management Inc. now owns 186,472 shares of the retailer’s stock valued at $13,441,000 after buying an additional 2,237 shares during the last quarter. Finally, Gamble Jones Investment Counsel lifted its holdings in shares of Wal-Mart Stores by 1.0% during the 1st quarter. Gamble Jones Investment Counsel now owns 35,580 shares of the retailer’s stock valued at $2,565,000 after buying an additional 345 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

In other news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 696,363 shares of Wal-Mart Stores stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $78.73, for a total value of $54,824,658.99. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $531,315,703.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by corporate insiders.

Wal-Mart Stores announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors 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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