Walmart sees strong online sales lift third-quarter results

Ivan Schwartz
November 17, 2017

Wal-Mart Stores Inc (NYSE:WMT) has risen 13.83% since November 16, 2016 and is uptrending.

Wal-Mart Stores announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares.

Wal-Mart has an average overweight rating with an average price target of $88.24, according to 33 analysts polled by FactSet.

Shares of Wal-Mart were last up 8.4 percent at $97.38. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $91.98. At the same time as, it has debt to equity ratio of 0.62 and similar long term debt to equity ratio was 0.53. When we divide the current volume by the three-month average volume, we get a relative volume of 4.63. More interesting news about Wal-Mart Stores Inc (NYSE:WMT) were released by: Reuters.com and their article: "Wal-Mart's new robots scan shelves to restock items faster" published on October 26, 2017 as well as Fool.com's news article titled: "Is Wal-Mart Stores Inc. a Buy?" with publication date: October 16, 2017. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter previous year, the company posted $1.07 EPS. American Century Companies Inc. lifted its holdings in shares of Wal-Mart Stores by 2.6% during the first quarter. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & global copyright law. Ls Ltd has invested 0.34% in Wal-Mart Stores Inc (NYSE:WMT). Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 over the last three months. About 49,264 shares traded. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued. The stock traded on unusually moved down volume of 8.24 Million comparing to the average volume of 8569.26 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00.

In other news, major shareholder Alice L. Walton sold 474,042 shares of the firm's stock in a transaction on Tuesday, August 22nd. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Company insiders own 51.39% of the company's stock. The disclosure for this sale can be found here. The average investment recommendation for DLTR, taken from a group of Wall Street Analysts, is 2.10, or a buy.

Walmart short interest dropped in the weeks leading up to the company's blockbuster earnings report.       S3 Partners
Walmart short interest dropped in the weeks leading up to the company's blockbuster earnings report. S3 Partners

A number of hedge funds have recently modified their holdings of the business. Jacobs Asset Management Llc, a New York-based fund reported 225,352 shares. Hilltop has invested 0.15% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). Sterneck Capital Management LLC now owns 6,588 shares of the retailer's stock worth $475,000 after purchasing an additional 22 shares during the last quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer's stock worth $139,000 after purchasing an additional 7 shares during the last quarter.

Shares of Wal-Mart Stores, Inc. Krilogy Financial LLC now owns 5,186 shares of the retailer's stock valued at $393,000 after purchasing an additional 253 shares in the last quarter.

Wal-Mart Stores (NYSE WMT) opened at $89.83 on Thursday. Institutional owners hold 30.60% stake in the company, while insiders ownership held at 0.80%.

Wal-Mart also has invested heavily in e-commerce initiatives, buying several online specialty retailers and upgrading its smartphone app and other systems. Walmart U.S. comparable sales (excluding fuel) rose 2.7%, while traffic jumped 1.5%.

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