The stock has its Price to Earnings (P/E) ratio of 16.14 and Forward Price to Earnings ratio of 16.52.
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Several hedge funds have recently made changes to their positions in the stock. Sales were driven by the retailer’s seventh straight quarter of positive traffic. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $100,000.
Like its direct store rivals, Wal-Mart is reinventing itself to be more nimble as it tries to fight off competition.
Store visits increased 1.2 perc ent in the second quarter.
Wal-Mart’s online business grew 12 percent last quarter, an acceleration from the previous period.
Howlett flagged “fraying of industry alignment” as Sobeys (and its parent, Empire Company) and Wal-Mart Canada continue to pursue new pricing strategies. 29 Financial Analysts covered the company’s stock. The Hedge Fund company now holds 4,650,031 shares of WMT which is valued at $343,172,288. The average volume stands around 8.54 million shares. Wal-Mart’s share price now hovers at around $72 a share, which is well below from an all-time high of $90 a share. AUY market capitalization is 5.12B with 4513 employees.
The stock is now trading at Distance from 20-Day simple moving Average of -0.23% whereas, Distance from 50-Day Simple moving average is 0.83 Percent and Distance from 200-Day Simple Moving Average of 10.8 percent. (NYSE:WMT)’s expected mean EPS was $1.46, the company reported its quarterly earnings per share of $1.49 on 2/18/2016 Before Market Open, beating the analysts’ consensus estimate by 0.03 with surprise factor of 2.05%.
During the quarter, like-for-like sales, excluding fuel, decreased by 7.5%. The firm’s quarterly revenue was up.9% on a year-over-year basis.
If the company can post solid earnings and guide well for the rest of the fiscal year, shares of WMT could be set to soar.
EPS in next five year years is expected to touch 2.43% while EPS growth in past 5 year was 1.80% along with sales growth of 2.70% in the last five years. According to the SEC, on Feb 26, 2016, Rollin L. Ford (EVP) sold 740 shares at $67.65 per share price. The company said its bottom line rose to $129 million, or $0.46 per share. The disclosure for this sale can be found here.
The company bucked a string of weak results by higher-end brick-and-mortar competitors like Target Corp TGT.N , Macy’s Inc M.N and Kohls Corp KSS.N .
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For the year ended 2016-01-31, the parent of Wal-Mart Stores, Inc. Wal-Mart Stores makes up approx 0.16% of Winslow Evans Crocker’s portfolio.Meyer Handelman Co reduced its stake in WMT by selling 600 shares or 0.18% in the most recent quarter.
