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Published: Fri, November 17, 2017
Economy | By Melissa Porter

Wal-Mart Stores Inc Stock Rockets Higher After Huge Earnings Beat

Wal-Mart Stores Inc Stock Rockets Higher After Huge Earnings Beat

Newman Dignan & Sheerar invested in 3,521 shares or 0.15% of the stock. Hedge funds and other institutional investors own 30.12% of the company's stock. Wellington Mngmt Ltd Liability Partnership has 0.05% invested in Wal-Mart Stores Inc (NYSE:WMT). In a quarterly filing with the Securities and Exchange Commission, Warren Buffett's investment firm revealed that it sold about one-third of its IBM stake, more than 17 million shares, and purchased about 3.9 million Apple shares, which gives Berkshire more than 134 million shares of the iPhone maker in total. Jacobs Asset Management Llc, a New York-based fund reported 225,352 shares.

Commenting on the company's gross profit margin decline of 29 basis points during the quarter, Biggs observed, "Price investments in certain markets and the mix effects of our growing ecommerce business were the primary contributors to the decline, although the impact from hurricanes in the US was a significant contributor as well". Legal & General Group Plc lifted its holdings in shares of Wal-Mart Stores by 5.3% during the first quarter. Independent Advisor Alliance now owns 23,541 shares of the retailer's stock worth $1,896,000 after acquiring an additional 1,783 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of Wal-Mart Stores by 5.1% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer's stock worth $594,000 after purchasing an additional 24 shares during the last quarter. Third-quarter results also compare to consensus estimates for EPS of $0.97 and $121 billion in revenue. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. After a recent check, Wal-Mart Stores, Inc. The average analyst recommendation for WMT is 2.40, or a buy.

Among 6 analysts covering II-VI (NASDAQ:IIVI), 5 have Buy rating, 0 Sell and 1 Hold. Wal-Mart Stores now has a consensus rating of Hold and an average price target of $87.96. Wal-Mart Stores Inc (NYSE:WMT) has risen 13.83% since November 16, 2016 and is uptrending. (NYSE WMT) opened at $89.83 on Thursday. Alpha Windward Limited Liability Company holds 10,681 shares or 0.52% of its portfolio. Wal-Mart Stores, Inc. The company has a market cap of $270,430.00, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 3.39 and a beta of 0.34.

In line with national trends, ecommerce growth in Wal-Mart Stores Inc.'s US business for the company's third quarter of fiscal 2018 remained strong, driven by Walmart.com, with net sales and gross merchandise value increasing 50 percent and 54 percent, respectively. Excluding that charge and other one-time costs, Walmart earned $1 a share, topping Wall Street estimates of 97 cents per share. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The retail company's revenue from the same period of the year prior came in at $117.18 billion.

Wal-Mart Stores, Inc. (NYSE: WMT) has grabbed attention from the analysts when it experienced a change of 0.11% in the last trading session to close at $91.09. Net sales at Walmart International rose 4.1% to $29.5 billion, with 10 of its 11 eleven markets posting positive comp sales. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued. "(WMT)" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & global copyright law.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. WALTON ALICE L sold $259.02M worth of stock. The shares were sold at an average price of $78.45, for a total value of $166,146,352.35.

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