Wal-Mart Stores Inc. (NYSE:WMT) – Equities research analysts at Jefferies Group increased their Q3 2017 earnings estimates for Wal-Mart Stores in a report issued on Wednesday. Jefferies Group analyst D. Binder now anticipates that the firm will earn $0.96 per share for the quarter, up from their prior estimate of $0.94. Jefferies Group has a “Buy” rating and a $86.00 price objective on the stock. Jefferies Group also issued estimates for Wal-Mart Stores’ Q4 2017 earnings at $1.37 EPS, FY2017 earnings at $4.37 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.49 EPS, FY2019 earnings at $4.93 EPS and FY2020 earnings at $5.50 EPS.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the prior year, the firm posted $1.08 EPS. Wal-Mart Stores’s quarterly revenue was up .5% compared to the same quarter last year.

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

A number of other brokerages also recently weighed in on WMT. KeyCorp started coverage on Wal-Mart Stores in a research report on Thursday, September 29th. They set an “overweight” rating and a $90.00 price target on the stock. Credit Suisse Group AG started coverage on Wal-Mart Stores in a research report on Friday, September 16th. They set an “outperform” rating and a $80.00 price target on the stock. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Guggenheim started coverage on Wal-Mart Stores in a research report on Friday, September 30th. They set a “buy” rating and a $82.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $72.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Monday, October 10th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $74.86.

Wal-Mart Stores (NYSE:WMT) opened at 71.23 on Friday. The stock has a 50 day moving average price of $69.88 and a 200-day moving average price of $71.04. Wal-Mart Stores has a one year low of $56.36 and a one year high of $75.19. The firm has a market capitalization of $220.33 billion, a PE ratio of 15.33 and a beta of 0.10.

A number of institutional investors have recently made changes to their positions in WMT. Fisher Asset Management LLC boosted its position in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock valued at $365,175,000 after buying an additional 4,652,393 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $309,966,000. TIAA CREF Investment Management LLC boosted its position in shares of Wal-Mart Stores by 58.0% in the third quarter. TIAA CREF Investment Management LLC now owns 9,776,421 shares of the retailer’s stock valued at $705,075,000 after buying an additional 3,588,060 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $260,853,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Wal-Mart Stores by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 41,912,723 shares of the retailer’s stock valued at $3,022,746,000 after buying an additional 1,910,016 shares during the last quarter. 29.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the completion of the transaction, the insider now directly owns 29,464 shares in the company, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.

About Wal-Mart Stores

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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