Somewhat Positive Media Coverage Somewhat Unlikely to Impact Wal-Mart Stores (WMT) Stock Price
Headlines about Wal-Mart Stores (NYSE:WMT) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wal-Mart Stores earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the retailer an impact score of 45.991657354863 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Wal-Mart Stores, Inc. (WMT) Earns Buy Rating from Oppenheimer Holdings, Inc. (americanbankingnews.com)
- Credit Suisse Group Reiterates “Hold” Rating for Wal-Mart Stores, Inc. (WMT) (americanbankingnews.com)
- Wal-Mart Stores, Inc. (WMT) – Jefferies Maintains Rating And Updates Price Target (newstrendstoday.com)
- RBC: ‘Everyone who was going to shop at Walmart already shops at Walmart’ (finance.yahoo.com)
- Edited Transcript of WMT earnings conference call or presentation 18-May-17 11:00am GMT (finance.yahoo.com)
Several research firms have recently weighed in on WMT. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research report on Friday, May 5th. Pacific Crest cut Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and set a $80.00 price objective (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Citigroup Inc. upped their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $80.13.
Wal-Mart Stores (NYSE WMT) traded down 0.49% during trading on Friday, reaching $79.31. The company’s stock had a trading volume of 9,752,957 shares. The company has a market cap of $238.56 billion, a price-to-earnings ratio of 19.06 and a beta of 0.29. The stock’s 50 day moving average is $78.09 and its 200 day moving average is $74.64. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Wal-Mart Stores will post $4.38 EPS for the current fiscal year.
In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the sale, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,001,578 shares of company stock worth $1,815,723,535 in the last three months. Insiders own 51.39% of the company’s stock.
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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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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