Stock Traders Buy High Volume of Wal-Mart Stores Put Options (WMT)
Wal-Mart Stores, Inc. (NYSE:WMT) was the recipient of unusually large options trading on Monday. Traders bought 5,107 put options on the stock. This represents an increase of 351% compared to the average daily volume of 1,132 put options.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 79.00 on Friday. The firm has a 50-day moving average of $79.30 and a 200 day moving average of $77.04. Wal-Mart Stores has a 52 week low of $65.28 and a 52 week high of $81.99. The company has a market cap of $235.99 billion, a P/E ratio of 18.98 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Equities analysts expect that Wal-Mart Stores will post $4.37 EPS for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $78.45, for a total value of $166,146,352.35. Following the completion of the sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last 90 days. 51.39% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after purchasing an additional 440,343 shares during the last quarter. State Street Corp boosted its holdings in Wal-Mart Stores by 1.2% in the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after purchasing an additional 854,010 shares during the last quarter. FMR LLC boosted its holdings in Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after purchasing an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wal-Mart Stores by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after purchasing an additional 580,373 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Wal-Mart Stores by 2.6% in the 1st quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock valued at $723,738,000 after purchasing an additional 256,833 shares during the last quarter. Institutional investors own 30.19% of the company’s stock.
A number of brokerages have issued reports on WMT. Citigroup Inc. increased their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group AG reiterated a “hold” rating and issued a $84.00 price target on shares of Wal-Mart Stores in a research note on Friday, August 18th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $84.00 price target (up previously from $80.00) on shares of Wal-Mart Stores in a research note on Friday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $88.00 price target on shares of Wal-Mart Stores in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.58.
ILLEGAL ACTIVITY WARNING: “Stock Traders Buy High Volume of Wal-Mart Stores Put Options (WMT)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/07/stock-traders-buy-high-volume-of-wal-mart-stores-put-options-wmt.html.
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 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.
Receive News & Stock Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related stocks with our FREE daily email newsletter.