Wal-Mart Consolidating Business Divisions

A number of other hedge funds have also recently added to or reduced their stakes in the business. Finally, Courier Capital LLC grew its stake in shares of Wal-Mart Stores by 0.8% during the 1st quarter. First PREMIER Bank now owns 8,928 shares of the retailer's stock valued at $643,000 after buying an additional 1,151 shares during the period. Cullen Frost Bankers Inc. now owns 127,687 shares of the retailer's stock valued at $9,323,000 after buying an additional 385 shares in the last quarter. Cribstone Capital Management LLC grew its stake in shares of Wal-Mart Stores by 22.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer's stock worth $109,000 after acquiring an additional 11 shares during the period. Heritage Investors Management Corp grew its stake in shares of Wal-Mart Stores by 1.4% in the 1st quarter. The firm owned 13,637 shares of the retailer's stock after selling 170 shares during the period. Finally, Americafirst Capital Management LLC grew its stake in shares of Wal-Mart Stores by 785.5% in the 1st quarter. "(WMT) Shares Sold by Richard Bernstein Advisors LLC" was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of US & worldwide trademark and copyright laws. The legal version of this story can be viewed at https://stocknewstimes.com/2017/09/13/neville-rodie-shaw-inc-sells-170-shares-of-wal-mart-stores-inc-wmt.html.

Several equities research analysts have recently weighed in on WMT shares. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a "buy" rating in a research note on Monday, July 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $84.00 price objective (up from $82.00) on shares of Wal-Mart Stores in a research report on Friday, May 19th. Company insiders own 51.39% of the company's stock. The stock has an average rating of "Hold" and a consensus target price of $74.26. "The structure we are putting in place will help improve communication and execution, streamline decision-making and help us accelerate our pace of change", Wal-Mart reportedly said in a statement. (WMT), its current distance from 20-Day Simple Moving Average is -0.48% and standing 0.96% away from 50-Day Simple Moving Average while traded up 7.23% from 200-Day Simple Moving Average. The insider, WALTON ALICE L, now holds 1.62 billion shares of WMT. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The total amount of shares outstanding is 3.03 billion, giving the company a market capitalization of about 241.55 billion. In terms of moving averages, the 200-day is now at 73.86, the 50-day is 78.57, and the 7-day is resting at 79.72.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter previous year, the firm posted $1.07 EPS. The business's revenue for the quarter was up.5% compared to the same quarter past year. Equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of the firm's stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $79.35, for a total transaction of $131,113,337.70.

Looking at a public company's insider trading can give great insight into how the stock is performing. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Following the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20.

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