Wal-Mart Stores Inc (NYSE: WMT)

Wal-Mart Stores Inc (NYSE: WMT)

The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports.

Walmart has poured billions of dollars in the last three years to build out services like grocery curbside pickup to push back at Amazon's encroachments in food, equipping stores to handle online orders, building up its own own mobile payment app and the expansion of its online assortment are spurring shoppers to come into stores. Net sales at Walmart International rose 4.1% to $29.5 billion, with 10 of its 11 eleven markets posting positive comp sales.

Wal-Mart Stores, Inc. (NYSE: WMT) has grabbed attention from the analysts when it experienced a change of 0.11% in the last trading session to close at $91.09. The strong financial performance drove up the company's stock price by 9% to $97.99 in overnight trading. Investors will be watching to see if the name can maintain momentum heading into the new year.Since the start of the calendar year, Wal-Mart Stores, Inc. The stock of Wal-Mart Stores Inc (NYSE:WMT) earned "Underperform" rating by Wolfe Research on Saturday, August 22. The price/earnings ratio (P/E) is 21.61 and the forward P/E ratio stands at 19.41. Bernstein initiated Wal-Mart Stores Inc (NYSE:WMT) on Monday, February 6 with "Mkt Perform" rating. Voya Invest Mgmt Ltd Limited Liability Company has 0% invested in Unifi, Inc.

Several research analysts have commented on WMT shares. Alliancebernstein Ltd Partnership has invested 0.34% in Wal-Mart Stores Inc (NYSE:WMT). The firm has "Conviction Buy" rating by Goldman Sachs given on Friday, July 14. Northcoast upgraded Wal-Mart Stores Inc (NYSE:WMT) on Friday, November 13 to "Buy" rating. $90.35 million worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by WALTON JIM C. There are brokerage firms with lower targets than the average, including one setting a price target of $61. A 5 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:HOG) or, if they already own its stock, sell it.

Shares of Wal-Mart are up 3.97% premarket to $93.40. Personal Advisors Corp invested in 291,905 shares or 0.48% of the stock. This is good news for WMT stock as Wall Street is estimating earnings per share of $4.38 for the year. The shares were sold at an average price of $78.45, for a total transaction of $166,146,352.35. Analysts have a mean recommendation of 2.40 on this stock. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The disclosure for this sale can be found here. The Integral Derivatives Llc holds 34,600 shares with $2.62M value, up from 7,100 last quarter. The Connecticut-based Endeavour Capital Advisors Inc has invested 2.22% in the stock. The institutional investor held 17,714 shares of the consumer services company at the end of 2017Q2, valued at $1.34 million, up from 12,117 at the end of the previous reported quarter. (WMT) has a market cap of $270.25 billion and over the last 12 months, Wal-Mart Stores, Inc. The Johnson Investment Counsel Inc holds 398,699 shares with $30.17M value, up from 286,134 last quarter. San Francisco Sentry Investment Group CA increased its stake in shares of Wal-Mart Stores by 24.3% in the 2nd quarter.

Wal-Mart Stores announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares.

ILLEGAL ACTIVITY NOTICE: "Hosking Partners LLP Purchases Shares of 225,082 Wal-Mart Stores, Inc". Krilogy Financial LLC now owns 5,186 shares of the retailer's stock valued at $393,000 after purchasing an additional 253 shares in the last quarter. If you are reading this report on another site, it was illegally copied and republished in violation of United States & global copyright legislation.

Wal-Mart saw growth in its e-commerce operations, but also increased store traffic. Online revenue in the USA rose 50%.

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