Economy

Walmart is upping its holiday game this year, here's how

August 15 investment analysts at Citigroup held the stock rating at "Neutral" but raised the price target to $80.00 from $69.00. 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.

On July 14 the company was changed to "Buy" by Goldman Sachs which was a boost from the previous "Neutral" rating. The ex-dividend date is set for Wednesday the 9th of August 2017. The firm's 50 day moving average price is $82.57 and its 200 day moving average price is $78.86. 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. The business had revenue of $123.40 billion for the quarter, compared to analysts' expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Analysts expect next quarter's EPS to be $1.33 and the next full year EPS is anticipated to be $4.63. The company's revenue for the quarter was up 2.1% compared to the same quarter a year ago. As of the latest earnings report the EPS was $4.16 and is estimated to be $4.37 for the current year with 2,987,201,000 shares outstanding. The legal version of this piece can be read at https://stocknewstimes.com/2017/10/31/wal-mart-stores-inc-wmt-rating-lowered-to-hold-at-zacks-investment-research.html. Highstreet Asset Management Inc. claims 58,661 shares with a value of $4,584,000. Winfield Associates Inc. boosted its stake in Wal-Mart Stores by 5.8% during the second quarter. Clarkston Capital Partners, LLC grew its investment by buying 1,450 shares an increase of 0.5%. Also, insider Steven P. Whaley sold 1,100 shares of the company's stock in a transaction on Friday, August 26th. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. Highstreet Asset Management Inc. cut its stake by selling 1,450 shares a decrease of 2.7% from 06/30/2017 to 09/30/2017.

Clarkston Capital Partners, LLC says it increased its stake in Wal-Mart Stores, Inc.by 0.5% in its quarterly SEC filing.

As of the end of the quarter Clarkston Capital Partners, LLC had acquired a total of 1,609 shares growing its position 0.5%. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Wal-Mart Stores by 3.3% during the second quarter.

Investors are more bearish on shares of the company lately if you look at the uptick in short interest.



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