Wal-Mart Stores, Inc. Common St (NYSE:WMT):
Walmart, IBM and Tsinghua University Explore the Use of Blockchain to Help Bring Safer Food to Dinner Tables Across China.
The company is up by 0.20% since yesterday’s close of $69.85.
Additionally Wal-Mart Stores, Inc. Common St declared a dividend that will be paid on Tue Jan 3, 2017. The dividend will be $0.500 per share for the quarter or $2.00 annualized. This dividend amount will represent a yeild of $2.87. The ex-dividend date will be on Wednesday the 10th of August 2016.
Company chares are trading at $69.99 barely below $70.39, the 50 day moving average and a bit lower than the 200 day moving average of $70.97. The 50 day moving average was down $-0.40 and the 200 day average went down $-0.98 or -1.38%.
The P/E ratio is 15.07 and the market value is 216.50B. As of the latest earnings report the EPS was $4.64 and is projected to be $4.34 for the current year with 3,093,257,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.33 with next year’s EPS anticipated to be $4.36.
Several brokerage analysts have issued ratings on the company recently. PiperJaffray added WMT to its research portfolio with an initial rating of “Neutral”. October 3 investment analysts at Deutsche Bank held the stock rating at “Hold” and raised the price expectation to $75.00 from $64.00.
On September 30 analysts at Guggenheim Securities started coverage setting a rating of “Overweight” and projecting a price target of $90.00. On September 29, 2016 KeyBanc initiated coverage on the stock giving it an initial rating of “Overweight” and setting a price target of $90.00.
On September 23 the company was upgraded to “Overweight” from “Equal-weight” with a current price target of $87.00 in a statement from Barclays. Equity analyst Barclays raised the price target and upgraded the stock on September 23 boosting the price target from $70.00 to $87.00 and setting the rating at “Overweight” which had previously been “Equal-weight”.