It is currently trading at $87.31 a tad above $82.80, the stock’s 50 day moving average and which is significantly above the 200 day moving average of $78.92. The 50 day moving average was up by +5.45% whereas the 200 day moving average was up $8.39 or +10.63%. Wal-Mart Stores, Inc. shares had a trading volume of 5,829K by the end of trading on Tuesday. Volume was down 34.99% under the stocks average daily volume.
Short traders are feeling a little more bearish on shares of the company lately if you take a look at the motion in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 13.10%. Short interest increased from 43,736,298 to 49,465,523 over that timeframe. With short interest at 49,465,523 and short average daily volume at 8,752,475, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.02% on October 13.
There has been some selling insider activity on Wal-Mart Stores, Inc. (NYSE:WMT) recently. S. Robson Walton, Director reported the sale of 2,000,000 shares. The shares sold for $79.54. The Director now owns $7,690,717,748 of the stock per the Form 4 SEC filing. EVP Jacqueline P. Canney disclosed the sale of 1,586 shares of WMT stock. The shares were sold on September 26th for an average price of $79.00. Canney now owns $1,668,875 of the stock according to the SEC filing.
S. Robson Walton, Director disclosed the sale of 1,652,342 shares of (WMT). The shares were sold on September 6th for a price of $79.35. Walton now owns $8,139,321,410 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Highstreet Asset Management Inc. had sold 1,609 shares trimming its position 2.7%. The value of the total investment in Wal-Mart Stores, Inc. went from $4,562,000 to $4,584,000 increasing 0.5% for the reporting period. Finemark National Bank & Trust added to its stake by buying 7,059 shares an increase of 8.2%. Finemark National Bank & Trust now controls 92,701 shares valued at $7,244,000. The value of the position overall is up by 11.8%.
As of quarter end Goelzer Investment Management, Inc. had disposed of a total of 145 shares trimming its stake by 0.2%. The value of the investment in WMT increased from $7,132,000 to $7,352,000 a change of 3.1% since the last quarter. As of quarter end Clarkston Capital Partners, LLC had bought 1,450 shares growing its holdings by 0.5%. The value in dollars went from $24,080,000 to $24,976,000 a change of $896,000 quarter over quarter.
On July 14, 2017 the stock rating was rated “Buy” by Goldman Sachs which is up from the previous “Neutral” rating. On August 2, 2017 Oppenheimer began coverage of WMT with an initial rating of “Outperform”.
On August 11 the company was set at “Overweight” in a report from Stephens & Co. which was a boost from the previous “Overweight” rating. On August 15 Citigroup held the stock rating at “Neutral” and moved up the price target from $69.00 to $80.00.
August 18 investment analysts at Jefferies left the company rating at “Buy” but raised the price expectation to $93.00 from $86.00.
The company is now up by 0.41% percent from yesterday’s close. The company also recently declared a dividend for shareholders to be paid on Tuesday January 2nd, 2018. The dividend will be $0.510 per share for the quarter which is $2.04 annualized. This dividend amount will represent a yield of $2.31. The ex-dividend date is Wednesday the 9th of August 2017.
The P/E ratio is currently 20.98 and the market cap is 260.81B. In the latest earnings report the EPS was $4.16 and is projected to be $4.37 for the current year with 2,987,201,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.33 with next year’s EPS projected to be $4.63.
Wal-Mart Stores, Inc., launched on October 31, 1969, is involved in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes the Business’s mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail. The Walmart International segment consists of the Business’s operations outside of the United States, including various retail Websites. The Sam’s Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com..