Walmart profit drops, online sales slow in key holiday quarter

Ivan Schwartz
February 21, 2018

Since February 19, previous year Walmart Inc (NYSE: WMT) has gone up 13.84% and is doing better. (NYSE:WMT) news were published by: Businesswire.com which released: "Walmart raises annual dividend to $2.08 per share, marking 45" on February 20, 2018, also Seekingalpha.com with their article: "Stocks To Watch: Retail Heavyweights To Center Stage" published on February 17, 2018, Seekingalpha.com published: "Is Another Dividend Increase On The Way For This Dividend Aristocrat?" on February 20, 2018.

Jeremy Bowman has no position in any of the stocks mentioned. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/lawson-kroeker-investment-management-inc-ne-has-9-51-million-holdings-in-wal-mart-stores-inc-wmt/1894182.html. Edgemoor Investment Advisors Inc. grew its stake in Wal-Mart Stores by 0.3% during the 2nd quarter. Meritage Port reported 13,206 shares stake. (NYSE:HD). Amundi Pioneer Asset Incorporated owns 5.02 million shares. Ws Management Lllp owns 350,000 shares or 0.68% of their United States portfolio. Parkside Investments LLC purchased a new position in shares of Wal-Mart Stores in the third quarter valued at $344,000. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer's stock valued at $158,610,000 after purchasing an additional 393,180 shares in the last quarter. Institutional investors own 30.33% of the company's stock.

Dorsey & Whitney Trust Company Llc sold 3,882 shares as Wal Mart Stores Inc (WMT)'s stock rose 13.55%.

The average analyst estimate was $1.37 per share, according to Thomson Reuters. The firm has a market capitalization of $305,810.00, a price-to-earnings ratio of 27.45, a PEG ratio of 3.60 and a beta of 0.42. Perritt Mngmt stated it has 0.16% of its portfolio in 3M Company (NYSE:MMM).

Wal-Mart Stores gapped open sharply lower this morning and has continued to lose ground in early trade. Stifel Nicolaus maintained the shares of WMT in report on Wednesday, February 22 with "Hold" rating.

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Excluding special items that crimped profits such as restructuring charges and an impact from offering a one-time bonus to employees, earnings came to $1.33 per share in the fourth quarter ended January 31. The business had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. Another trade for 200 shares valued at $55,288 was made by Klasko Stephen K. M.D. on Thursday, February 1.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Finally, Numeric Investors LLC grew its holdings in shares of Wal-Mart Stores by 31.2% in the second quarter. This represents a $2.08 annualized dividend and a yield of 2.19%. PUHY DOROTHY E sold $320,696 worth of stock or 6,495 shares. The stock was sold at an average price of $96.69, for a total transaction of $198,891,716.76. Westover Capital Advsrs Limited Liability Co invested in 35,986 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Cambridge Trust Company bought 7,119 shares as the company's stock rose 3.10% with the market. Gearhart Jeffrey J had sold 9,216 shares worth $727,698 on Tuesday, August 29. However, a new report from Coresight Research found that shoppers were largely only visiting Amazon.com because it offered "cheap delivery" and was easy to search. Goldman Sachs upgraded WMT shares to "buy" in late January, with a price target of $117. (NYSE:WMT) earned "Overweight" rating by Stephens on Friday, August 11. Wells Fargo & Co set a $101.00 price target on shares of Wal-Mart Stores and gave the stock a "neutral" rating in a research note on Wednesday, December 27th.

Among 6 analysts covering Capital Power Corporation (TSE:CPX), 3 have Buy rating, 0 Sell and 3 Hold. Morgan Stanley has "Equal-Weight" rating and $90 target. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of USA and global trademark and copyright laws.

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world.

Looking at the other figures from the company's previous quarter, their eCommerce sales at Walmart U.S. managed to fetch a whopping 23% increase, while Sam's Club comp sales which exclude fuel managed to increase by a total of 2.4%, bolstered by the comp traffic growth which was at 4.3%.

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