Sci-tech

Which Insiders Are Selling Wal-Mart Stores, Inc. (WMT)?

Courier Capital LLC now owns 5,314 shares of the retailer's stock worth $383,000 after acquiring an additional 41 shares during the period. Analysts are turning out to be more optimistic than before, with 14 of analysts who cover Wal-Mart Stores, Inc. They see TechnipFMC plc (FTI) price hitting a mean target of $35.91 a share, meaning the stock still has potential that could lift the price another 38.38% Also, the recent close suggests the stock is underpriced by 73.41% compared to the most bullish target. RBC Capital Markets reiterated an "underperform" rating and set a $75.00 price target (down from $76.00) on shares of Wal-Mart Stores in a research report on Saturday, October 8th. First PREMIER Bank now owns 8,928 shares of the retailer's stock valued at $643,000 after buying an additional 1,151 shares during the period. Asset Planning Services Ltd. grew its stake in shares of Wal-Mart Stores by 0.7% during the 1st quarter. Iowa State Bank now owns 3,508 shares of the retailer's stock valued at $253,000 after purchasing an additional 150 shares during the period.

Now we take a performance look how Wal-Mart Stores, Inc.

Tracking other technical indicators, the 14-day RSI is presently standing at 57.78, the 7-day sits at 63.63, and the 3-day is resting at 77.86 for Wal-Mart Stores Inc (WMT). The percentage of shares being held by the company management was 0.8% while institutional stake was 30.7%. The institutional investor owned 5,157 shares of the retailer's stock after selling 1,880 shares during the period.

TRADEMARK VIOLATION WARNING: This article was originally reported by Week Herald and is the property of of Week Herald. However, its trading capacity stayed around 9.04 million shares in normal days. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & worldwide trademark & copyright laws. Wal-Mart Stores Inc (WMT) now has a 14-day Commodity Channel Index (CCI) of 136.36.

A number of equities research analysts recently commented on WMT shares. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a "buy" rating in a research note on Monday, July 17th. Company insiders own 51.39% of the company's stock. "The structure we are putting in place will help improve communication and execution, streamline decision-making and help us accelerate our pace of change", Wal-Mart reportedly said in a statement. It was last traded at $79.61 apiece. 3,450,879 shares of the company's stock traded hands. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The company has a market cap of $241.81 billion, a PE ratio of 19.32 and a beta of 0.30. The company's 50-day moving average price is $79.70 and its 200 day moving average price is $75.89.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts' expectations of $121.86 billion. The business's revenue for the quarter was up.5% compared to the same quarter previous year. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of the firm's stock in a transaction on Wednesday, August 23rd. The company's quarterly EPS surprised Wall Street by as much as -20% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Cheesewright sold 25,729 shares of the firm's stock in a transaction on Wednesday, June 28th. 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 transaction, the insider now directly owns 245,328 shares of the company's stock, valued at approximately $16,760,808.96.



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