Wal-Mart Stores, Inc. (NYSE:WMT) – Investment analysts at Oppenheimer Holdings lifted their Q3 2018 earnings per share (EPS) estimates for Wal-Mart Stores in a research note issued on Wednesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the retailer will post earnings per share of $0.97 for the quarter, up from their prior forecast of $0.96. Oppenheimer Holdings has a “Outperform” rating and a $100.00 price target on the stock. Oppenheimer Holdings also issued estimates for Wal-Mart Stores’ Q4 2018 earnings at $1.34 EPS, FY2018 earnings at $4.42 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.42 EPS, FY2019 earnings at $4.65 EPS and FY2020 earnings at $5.00 EPS.

Several other equities analysts also recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, July 26th. Bank of America Corporation set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Thursday, October 12th. KeyCorp set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Robert W. Baird set a $90.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $89.87.

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Shares of Wal-Mart Stores (NYSE WMT) traded down $2.15 during trading hours on Friday, reaching $97.47. 23,569,662 shares of the company traded hands, compared to its average volume of 8,895,206. The company has a market cap of $297,590.00, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 3.40 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78. Wal-Mart Stores has a fifty-two week low of $65.28 and a fifty-two week high of $100.13.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS.

Wal-Mart Stores announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In related news, Director S Robson Walton sold 2,117,863 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $262,411,798.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the transaction, the insider now directly owns 121,457 shares in the company, valued at $11,764,325.02. The disclosure for this sale can be found here. Insiders have sold 9,979,505 shares of company stock worth $790,977,085 over the last three months. 51.39% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Wal-Mart Stores by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after purchasing an additional 440,343 shares in the last quarter. State Street Corp lifted its position in shares of Wal-Mart Stores by 1.2% during the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after purchasing an additional 854,010 shares in the last quarter. FMR LLC lifted its position in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after purchasing an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wal-Mart Stores by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock valued at $1,156,909,000 after purchasing an additional 224,821 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after purchasing an additional 174,296 shares in the last quarter. 30.12% of the stock is currently owned by institutional investors.

Wal-Mart Stores Company Profile

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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