Wal-Mart Stores, Inc. (NYSE:WMT).
Gateway Investment Advisers LLC reports that it sold 105,639 shares in the previous quarter decreasing its stake in Wal-Mart Stores, Inc. (WMT) by 11.3%. Its position stood at $62,819,000 a decrease of 6.9% as of the end of the quarter.
These firms have also modified their investment in WMT. Pennsylvania Trust Co bolstered its position by buying 10,311 shares an increase of 23.0% as of 06/30/2017. Pennsylvania Trust Co now holds 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 stake by 43.2%. The value of the total investment in Wal-Mart Stores, Inc. decreased from $2,288,000 to $1,365,000 a change of $923,000 quarter over quarter.
As of the end of the quarter Cornerstone Investment Partners, LLC had disposed of a total of 417 shares trimming its position 2.3%. The value of the investment in Wal-Mart Stores, Inc. went from $1,314,000 to $1,348,000 a change of 2.6% for the reporting period.
On May 19 the company was changed to a “Market Perform” by BMO Capital which was a boost from the previous “Underperform” rating. PiperJaffray started coverage with an initial rating of “Neutral”.
October 3 investment analysts at Deutsche Bank made no change to the company rating of “Hold” but raised the price target from $64.00 to $75.00. On September 30, 2016 Guggenheim Securities began coverage of WMT by announcing an initial rating of “Overweight” and price target of $90.00.
Equity analyst KeyBanc added the stock to its research portfolio setting a rating of “Overweight” and setting a price target of $90.00. Barclays upgraded the stock and raised the price target on September 23 boosting the price target from $70.00 to $87.00 and raising the rating from “Equal-weight” to “Overweight”.
The company is now up by 0.61% since yesterday’s close of $73.47. Wal-Mart Stores, Inc. also recently declared a dividend for shareholders that will be paid on Tue Sep 5, 2017. The dividend payment will be $0.510 per share for the quarter which comes to $2.04 on an annualized basis. This dividend represents a yeild of $2.71 which is the dividend as a percentage of the current share price. The ex-dividend date is set for Wednesday the 10th of May 2017.
Company chares are trading at $73.92 slightly below the 50 day moving average of $77.53 and which is marginally over the 200 day moving average of $72.40. The 50 day moving average was down $-3.68 and the 200 day average moved up $1.45.
The P/E ratio is currently 16.77 and the market value is 222.62B. In the latest earnings report the EPS was $4.40 and is expected to be $4.36 for the current year with 3,014,499,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.97 with next year’s EPS anticipated to be $4.60.