Morning Runner: Wal-Mart Stores Inc. (WMT)

Credit
Mike Mozart

Piershale Financial Group Inc. increased its stake in shares of Wal-Mart Stores by 0.3% in the third quarter. However, unfavorable currency and deflationary pressure might hurt its comps, going forward.

A number of large investors have recently added to or reduced their stakes in WMT. Morgan Stanley decreased their target price on Wal-Mart Stores from $74.00 to $70.00 and set an equal weight rating on the stock in a report on Monday, January 23rd. Cornercap Investment Counsel Inc sold 7,340 shares as Wal (WMT)'s stock declined 4.01%. Vetr lowered shares of Wal-Mart Stores from a buy rating to a hold rating and set a $79.40 target price on the stock.in a report on Monday, May 8th. Zacks Investment Research lowered shares of Wal-Mart Stores from a buy rating to a hold rating in a report on Thursday, May 11th.

About 200 products from Sam's Clubs stores will initially be available for Sam's Club customers in China to order online via JD's website, expanding to 700 this year, says Rebecca Lui, a Wal-Mart spokeswoman. Deutsche Bank maintained it with "Hold" rating and $70 target in Wednesday, October 7 report. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company now has a consensus rating of "Hold" and an average price target of $76.73. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer's stock valued at $118,000 after buying an additional 351 shares during the last quarter. The company beat the analyst EPS Estimate with the difference of $0.01. Now Wal-Mart Stores, Inc.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 21st. Analysts on average expect the retail giant to report adjusted EPS (earnings per share) of $0.96, representing a YoY (year-over-year) fall of 2.0%. The business had revenue of $129.75 billion during the quarter, compared to the consensus estimate of $130.22 billion. The Return on Equity (ROE) and Return on Investment values are 17.8 percent and 13.4 percent respectively. Its sales stood at -0.50% a year on average in the period of last five years. Reynders Mcveigh Mgmt Ltd Liability Com stated it has 0.05% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT).

TRADEMARK VIOLATION WARNING: This piece was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and republished in violation of US & worldwide copyright legislation. Stockholders of record on Friday, December 8th will be given a $0.51 dividend. The stock has "Buy" rating by Argus Research on Wednesday, December 16. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $476,044,833.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

In other news, major shareholder Alice L. Walton sold 4,542,361 shares of the stock in a transaction on Thursday, March 2nd. The stock was trading on below-average volume. Following the transaction, the insider now owns 10,507,127 shares of the company's stock, valued at approximately $740,752,453.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,585,041 shares of company stock worth $1,110,035,611. The stock has recent support above $73.00 and recent resistance below $77.05.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 9.26%, and has a solid year to date (YTD) performance of 11.93% which means the stock is constantly adding to its value from the previous fiscal year end price. The California-based Palo Inc has invested 1.74% in Wal-Mart Stores Inc (NYSE:WMT). Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer's stock worth $114,000 after buying an additional 112,511 shares during the last quarter. State of Alaska Department of Revenue increased its position in Wal-Mart Stores by 2.2% in the third quarter. Pension Ser invested in 1.22M shares or 0.98% of the stock. Finally, Bollard Group LLC increased its position in shares of Wal-Mart Stores by 0.3% in the third quarter. Proficio Capital Partners LLC now owns 28,529 shares of the retailer's stock worth $2,058,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 29.69% of the company's stock.

Returns and Valuations for Wal-Mart Stores, Inc.

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