Walmart Misses Profit Goal in Holiday Quarter as Online Sales Slow

23 February, 2018, 06:25 | Author: Lora Ball
  • Wal-mart Stores, Inc. - WMT - Stock Price Today - Zacks

Cambridge Trust Company bought 7,119 shares as the company's stock rose 3.10% with the market. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $652,520,200.20. The stock increased 0.78% or $0.43 during the last trading session, reaching $55.91. About 207,855 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since February 20, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Janney Capital Management Llc decreased Walmart Stores Inc (WMT) stake by 2.49% reported in 2017Q3 SEC filing. Fairview Capital Investment Management Llc acquired 5,125 shares as Wal (WMT)'s stock rose 13.55%. The institutional investor held 12,119 shares of the consumer services company at the end of 2017Q3, valued at $947,000, down from 16,001 at the end of the previous reported quarter. Wal now has $280.83 billion valuation. The stock decreased 4.20% or $0.03 during the last trading session, reaching $0.685. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Walmart Inc. (WMT) has risen 13.83% since February 20, 2017 and is uptrending. It has underperformed by 2.87% the S&P500. Denver Investment Advisors LLC lifted its holdings in Wal-Mart Stores by 34.9% during the 2nd quarter.

Investors sentiment decreased to 1.07 in 2017 Q3. Its up 0.07, from 1.22 in 2017Q2. (NYSE:WMT). 93,375 were accumulated by Nippon Life Global Americas Inc. 101 funds opened positions while 417 raised stakes. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Parkside Bankshares Trust has invested 0% in Eaton Vance Corp. Carret Asset Limited Liability Com accumulated 61,975 shares. Pittenger And Anderson invested in 23,325 shares. Old Mutual Glob Invsts (Uk) Ltd reported 509,947 shares stake. 3,882 are held by Edgestream L P. Chilton Management Ltd Liability Company has invested 0.21% in 3M Company (NYSE:MMM). (NYSE:WMT) for 4,995 shares. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer's stock worth $369,565,000 after buying an additional 1,689,364 shares during the period. Tiedemann Wealth Mgmt Ltd Com stated it has 56,362 shares or 0.14% of all its holdings. (NYSE:V). Hodges Management reported 0.13% of its portfolio in Visa Inc. Ativo Capital Management Llc, a Illinois-based fund reported 81,828 shares. Winslow Evans & Crocker holds 0.03% of its portfolio in Eaton Vance Corp. (NYSE:V) for 9,983 shares. Cim Investment Mangement Inc invested 0.14% of its portfolio in Walmart Inc. (NYSE:V) for 26,470 shares.

Since August 31, 2017, it had 0 insider buys, and 21 selling transactions for $32.86 million activity. Vale Michael G. sold $1.54M worth of stock. Susquehanna has "Buy" rating and $126.0 target. The stock was sold at an average price of $97.54, for a total transaction of $145,143,324.06. 6,865 shares were sold by HIGDON LEO I JR, worth $330,085 on Wednesday, September 20. The insider Fong Ivan K sold 2,348 shares worth $547,377.

Among 42 analysts covering Visa Inc. (NASDAQ:WMT), 9 rate it "Buy", 7 "Outperform", 17 "Underperform", 0 "Sell", while 0 "Hold". Therefore 23% are positive. Morgan Stanley set a $90.00 target price on shares of Wal-Mart Stores and gave the stock a "neutral" rating in a research note on Wednesday, November 8th. Oppenheimer maintained the shares of ADI in report on Thursday, August 24 with "Buy" rating. (NYSE:WMT) rating on Monday, July 17. Telsey Advisory Group maintained it with "Market Perform" rating and $73 target in Friday, November 18 report. (NYSE:WMT) has "Buy" rating given on Wednesday, October 11 by Cowen & Co. On Thursday, August 24 the stock rating was upgraded by JP Morgan to "Neutral". Bank of America maintained Eaton Vance Corp. The rating was initiated by KeyBanc Capital Markets with "Overweight" on Friday, September 30. The stock has "Buy" rating by Robert W. Baird on Friday, September 15. WALTON JIM C had sold 775,958 shares worth $62.26 million.

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While Walmart added more holiday merchandise like electronics, toys and gifts, it did not stock enough everyday items, which hurt sales. National Pension Service now owns 1,211,199 shares of the retailer's stock worth $119,606,000 after purchasing an additional 20,661 shares during the period. Horrell Mgmt reported 1.31% in Walmart Inc.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. (NYSE:WMT). Yacktman Asset Ltd Partnership holds 1.05M shares or 0.79% of its portfolio.

"During the quarter, [Walmart] had additional EPS headwind related to some smaller unplanned items and expenses we incurred as we pulled forward initiatives in order to take advantage of a higher tax deduction", CFO Brett Biggs said. (NYSE:V). 170,362 are held by Capital Advsr Inc Ok. Analysts surveyed by Zacks Investment Research were calling for earnings of $1.36 per share.

Wal-Mart has also set its fiscal 2019 earnings-per-share forecast at $4.75 to $5.00 Same-store sales at Wal-Mart U.S. stores are expected to climb at least 2%, while those at Sam's Club locations could rise as much as 4%.

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