Wal-Mart Stores Inc. (NYSE:WMT) – Equities researchers at KeyCorp dropped their Q1 2018 earnings estimates for shares of Wal-Mart Stores in a note issued to investors on Thursday. KeyCorp analyst E. Yruma now anticipates that the brokerage will post earnings of $1.04 per share for the quarter, down from their prior estimate of $1.05. KeyCorp currently has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $1.30 EPS.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis.

Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

A number of other research firms have also issued reports on WMT. Nomura reaffirmed a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research note on Wednesday, June 22nd. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price on the stock in a research note on Thursday, June 23rd. Bank of America Corp. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research note on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.93.

Wal-Mart Stores (NYSE:WMT) traded up 0.10% during midday trading on Monday, hitting $67.46. The company had a trading volume of 8,933,387 shares. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19. The stock’s 50-day moving average price is $71.48 and its 200-day moving average price is $70.97. The stock has a market cap of $208.67 billion, a PE ratio of 14.52 and a beta of 0.20.

Hedge funds have recently modified their holdings of the company. First National Bank of Omaha boosted its stake in shares of Wal-Mart Stores by 4.1% in the third quarter. First National Bank of Omaha now owns 8,050 shares of the retailer’s stock worth $581,000 after buying an additional 318 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of Wal-Mart Stores by 40.7% in the third quarter. Legacy Private Trust Co. now owns 23,824 shares of the retailer’s stock worth $1,718,000 after buying an additional 6,893 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Wal-Mart Stores during the third quarter worth $3,847,000. Creative Planning boosted its stake in shares of Wal-Mart Stores by 0.6% in the third quarter. Creative Planning now owns 200,725 shares of the retailer’s stock worth $14,476,000 after buying an additional 1,218 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Wal-Mart Stores by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 11,250 shares of the retailer’s stock worth $811,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 29.55% of the company’s stock.

In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.

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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

5 Day Chart for NYSE:WMT

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