Wal-Mart tops 1Q profit forecasts

Walmart's 1 year stock report
Walmart Stock Hits 52 Week High as Q1 Shows Big Sales Boosts
Author

20 May, 2017

The stock climbed $8.55 to $121.22.

A number of other brokerages also recently commented on WMT. Fmr Ltd Limited Liability Company stated it has 11.36 million shares or 0.1% of all its holdings.

Wal-Mart delivered first-quarter results that show it's winning over shoppers at stores and online, even as the competition intensifies.

Barclays has an Overweight rating and raised its price target to $90 from $82. The retailer also reported a surge in e-commerce sales, led by its core Walmart.com site. Also, major shareholder Alice L. Walton sold 4,542,361 shares of Wal-Mart Stores stock in a transaction dated Thursday, March 2nd. Stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 19 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. The stock of Wal-Mart Stores Inc (NYSE:WMT) earned "Neutral" rating by Piper Jaffray on Friday, October 21. The stock has a market capitalization of $235.18 billion, a PE ratio of 17.70 and a beta of 0.09. The firm has a 50-day moving average of $74.53 and a 200 day moving average of $70.82. That might look like it's taking a page from Wal-Mart's playbook.

Walmart Stores profit was down 1.3% during its fiscal year first quarter, but a surge in e-commerce and strong sales in the USA showed how the retailer continues to attract consumers during a challenging time in the industry. The retailer reported $1.00 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.96 by $0.04.

Revenue increased 1.4% to $117.54 billion. During the same period a year ago, the company earned $0.98 earnings per share. Wal-Mart's shares added $1.70 to $76.82.

Wal-Mart Stores, L Brands and Ralph Lauren all rose early Thursday after reporting better results than analysts were expecting. Energy companies rose as the price of crude oil headed higher. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $2.04 annualized dividend and a dividend yield of 2.63%.

Cornell had said Target wants to return to more consistent low prices on essentials to deepen loyalty among shoppers, a shift from the temporary discounts it had been promoting. If you are reading this report on another website, it was illegally stolen and republished in violation of US & global copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/19/telsey-advisory-group-boosts-wal-mart-stores-inc-wmt-price-target-to-84-00.html.

In related news, major shareholder Jim C. Walton sold 4,375,337 shares of Wal-Mart Stores stock in a transaction dated Thursday, February 23rd. McMillon C Douglas had sold 75,063 shares worth $5.19M. The stock was sold at an average price of $70.54, for a total value of $320,418,144.94. The disclosure for this sale can be found here.

The Bentonville, Ark. -based mass merchant said USA sales in the quarter, which ended April 30, increased by 2.5% to $118.8 billion with non-fuel comps increasing by 1.4%, sparked by a 1.5% increase in store traffic. Corporate insiders own 51.55% of the company's stock. Horrell Capital Mngmt has invested 1.26% in Wal-Mart Stores Inc (NYSE:WMT). Inventory levels in existing stores fell 7.3% in the quarter. The stock lost $1.09 to $1.73.

Meanwhile, Wal-Mart has leaned heavily into its online efforts and improved stores to compete.

Chicago Equity Partners Llc, which manages about $10.49 billion and $3.76 billion US Long portfolio, decreased its stake in Leidos Hldgs Inc (NYSE:LDOS) by 215,880 shares to 34,295 shares, valued at $1.75M in 2016Q4, according to the filing. Asset Planning Services Ltd. increased its position in Wal-Mart Stores by 0.7% in the first quarter. The so-called Store No. 8 will be located in Silicon Valley. The stock added $13.95 to $109.78.


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