Wal-Mart Stores, Inc. (NYSE:WMT).
Gateway Investment Advisers LLC reports that it decreased its position in Wal-Mart Stores, Inc. stock by 11.3% in the last quarter. Its investment stood at $62,819,000 a decrease of 6.9% as of the end of the quarter.
Here are some other firms who have updated their holdings. Pennsylvania Trust Co expanded its ownership by buying 10,311 shares an increase of 23.0% as of 06/30/2017. Pennsylvania Trust Co currently owns 55,199 shares worth $4,185,000. The value of the position overall is up by 29.3%. As of quarter end Kempner Capital Management Inc. had sold 13,709 shares trimming its position 43.2%. The value of the investment in (WMT) decreased from $2,288,000 to $1,365,000 a change of 40.3% since the last quarter.
As of the end of the quarter Cornerstone Investment Partners, LLC had disposed of a total of 417 shares trimming its holdings by 2.3%. The value of the total investment in Wal-Mart Stores, Inc. went from $1,314,000 to $1,348,000 a change of $34,000 quarter to quarter.
On May 19 the stock rating was upgraded to “Market Perform” from “Underperform” in an announcement from BMO Capital. PiperJaffray started covering the stock setting a rating of “Neutral”.
On October 3 Deutsche Bank maintained a stock rating of “Hold” and raised the price expectation from $64.00 to $75.00. Equity analyst Guggenheim Securities initiated coverage giving it an initial rating of “Overweight” and a price target of $90.00.
On September 29, 2016 KeyBanc began coverage of WMT with a rating of “Overweight” and projecting a price target of $90.00. Equity analyst Barclays raised the price target and upgraded the stock on September 23 changing the price target from $70.00 to $87.00 and setting the rating at “Overweight” which had previously been “Equal-weight”.
The company is so far trading up by 0.61% since yesterday’s close of $73.47. The company recently declared a dividend that will be paid on Tuesday the 5th of September 2017. The dividend will be $0.510 per share for the quarter which is $2.04 annualized. This dividend represents a yield of $2.71. The ex-dividend date will be on Wednesday May 10th, 2017.
The stock last traded at $73.92 which is just a bit below $77.53, the 50 day moving average and slightly over the 200 day moving average of $72.40. The 50 day moving average was down by -4.75% and the 200 day average was up $1.45.
Wal-Mart Stores, Inc.’s P/E ratio is 16.77 and the market value is 222.62B. In the last earnings report the EPS was $4.40 and is projected to be $4.36 for the current year with 3,014,499,000 shares currently outstanding. Next quarter’s EPS is expected be $0.97 with next year’s EPS projected to be $4.60.