Analysts Offer Predictions for Wal-Mart Stores, Inc.’s Q1 2019 Earnings (WMT)

Wal-Mart Stores, Inc. (NYSE:WMT) – Analysts at KeyCorp lifted their Q1 2019 earnings per share estimates for Wal-Mart Stores in a research report issued to clients and investors on Tuesday. KeyCorp analyst E. Yruma now expects that the retailer will earn $1.05 per share for the quarter, up from their prior estimate of $1.03. KeyCorp currently has a “Buy” rating and a $100.00 target price on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $4.64 EPS.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. TRADEMARK VIOLATION NOTICE: “Analysts Offer Predictions for Wal-Mart Stores, Inc.’s Q1 2019 Earnings (WMT)” was originally reported by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thestockobserver.com/2017/10/13/analysts-offer-predictions-for-wal-mart-stores-inc-s-q1-2019-earnings-wmt.html.

Other equities research analysts also recently issued reports about the company. Citigroup Inc. boosted their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Credit Suisse Group reiterated a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $91.00 target price on shares of Wal-Mart Stores in a research report on Thursday. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $83.48.

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Winfield Associates Inc. raised its holdings in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. TrimTabs Asset Management LLC raised its holdings in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the last quarter. 30.19% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 775,958 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $80.24, for a total transaction of $62,262,869.92. Following the completion of the sale, the insider now directly owns 10,507,224 shares of the company’s stock, valued at $843,099,653.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by corporate insiders.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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