Wal-Mart Stores (WMT) Earns "Hold" Rating from UBS

Wal-Mart Stores (WMT) Earns

It was changed to Wal-Mart Stores, Inc., on January 9, 1970 and has remained in place the past 47 years since Walmart went public that same year. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Dumont & Blake Inv Advsr Limited Liability has invested 0.78% in Wal-Mart Stores, Inc.

The consensus recommendation - averaging the work of 33 analysts - of 2.4 for Wal-Mart Stores, Inc. Wal-Mart Stores comprises approximately 2.3% of Guinness Asset Management Ltd's investment portfolio, making the stock its 19th largest position. Piper Jaffray initiated Wal-Mart Stores, Inc. Wal-Mart Stores Inc had 134 analyst reports since August 14, 2015 according to SRatingsIntel. Bank of America Corp upgraded Wal-Mart Stores from a "neutral" rating to a "buy" rating and upped their price target for the stock from $76.00 to $88.00 in a research report on Wednesday, February 22nd. (NYSE:WMT). 1.97 million are owned by Us Bancorporation De. The SI to Wal Mart Stores Incorporated's float is 3.03%. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. (NYSE:WMT). Wfg Lp holds 14,770 shares. The retailer reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. BMO Capital Markets maintained The Andersons, Inc. The business had revenue of $122.14 billion for the quarter, compared to analysts' expectations of $120.23 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. Telsey Advisory Group lowered their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an "outperform" rating for the company in a research note on Friday, November 17th.

Wal-Mart Stores Inc (WMT) traded up 0.58% during midday trading on Wednesday, hitting $78.60. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

The company, which has more than 11,600 stores around the world, will continue to trade on the New York Stock Exchange under the symbol "WMT". The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. Following the completion of the sale, the executive vice president now directly owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Corporate insiders own 51.39% of the company's stock. Brandes Invest Partners Limited Partnership reported 0.2% of its portfolio in Wal-Mart Stores, Inc. Hudock Capital Group LLC now owns 1,847 shares of the retailer's stock worth $139,000 after acquiring an additional 7 shares in the last quarter. Cornerstone Investment Prtnrs Limited Company holds 17,809 shares or 0.06% of its portfolio. Saratoga Rech Invest Mngmt, a California-based fund reported 918,558 shares. The Marsico Capital Management Llc holds 38,457 shares with $3.35M value, down from 59,108 last quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer's stock worth $475,000 after buying an additional 22 shares during the period. Dubuque Bank & Trust Co. boosted its stake in Wal-Mart Stores by 3.9% in the third quarter.

Salesforce.com, inc. (NYSE:CRM) shares were trading higher by 0.84 percent ($0.84) at $100.69 a piece in Tuesday's session. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer's stock worth $579,000 after buying an additional 24 shares during the period.

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS reaffirmed a hold rating and issued a $91.00 target price on shares of Wal-Mart Stores in a research note on Friday, November 17th. If you are accessing this story on another website, it was stolen and reposted in violation of United States & worldwide copyright & trademark legislation.

While the "Walmart" branding can be seen on its stores even today, the American retail giant has said that the company will change its name officially on February 1, 2018. It operates through three divisions: Walmart U.S., Walmart International, and SamÂ's Club.

Related Articles