There was another key research note provided by Northcoast on Tuesday July 12, 2016.
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In the company’s insider trading activities, WALTON S ROBSON; Director of Wal-Mart Stores Inc. sold 797834 shares worth of $56304235 in a transaction on 01 Sep 2009. Wal-Mart Stores has an average rating of “Hold” and a consensus target price of $73.45.
Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price on the stock in a research report on Thursday, June 23rd. Analyst’s mean target price for Wal-Mart Stores Inc.
So how did WMT’s earnings announcements affect its stock price in the past few quarters?
One Month ago, the stock has gained consensus mean rating of Hold based on the analysis of brokerage analyst firms polled.
Wal-Mart Stores (NYSE:WMT) opened at 70.30 on Monday. The stock’s 50 day moving average price is $72.90 and its 200 day moving average price is $70.35.
International Business Machines Corporation (NYSE:IBM) traded 5.08 Million shares on last trading day with closing price of $155.69. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. 0 analysts call it Underweight, while 1 think it is Overweight.
EPS in next five year years is expected to touch 3.28% while EPS growth in past 5 year was 1.80% along with sales growth of 2.70% in the last five years. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s revenue for the quarter was up.5% compared to the same quarter past year. During period one month ago, consensus EPS forecast was decided at $4.27. The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction.
In a different news, on Aug 29, 2016, Steven P Whaley (Senior Vice President) sold 1,100 shares at $71.46 per share price.
Currently, the stock carries a price to earnings ratio of 15.37, a price to book ratio of 2.91, and a price to sales ratio of 0.47. The disclosure for this sale can be found here. (WMT), so its rating change is noteworthy. InterOcean Capital LLC boosted its position in shares of Wal-Mart Stores by 35.2% in the fourth quarter. With the last stock close down 0.01% relative to the 200-day moving average, compared with the S&P 500 which has had no change over the same time. The company’s $3 billion purchase of Jet.com is a step in the right direction for Wal-Mart as the company works to improve its e-commerce division to compete against Amazon.com Inc (AMZN). Nomura Holdings Inc. now owns 88,441 shares of the retailer’s stock worth $6,430,000 after buying an additional 93,499 shares in the last quarter.
During last 3 month it remained at 1.25%. The company’s institutional ownership is monitored at 77.1%.
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Wal-Mart Stores Inc. (NYSE:WMT) said it would stop selling Egyptian cotton sheets made by Welspun India Ltd., after its investigation found the Indian textile giant couldn’t guarantee the products were legitimate.
