Published: Thu, December 07, 2017
Finance | By Loren Pratt

Wal Mart Stores Incorporated (NYSE:WMT) Has Decline in Shorts

Wal Mart Stores Incorporated (NYSE:WMT) Has Decline in Shorts

Basically, a price target is an individual analyst's projection on the future price of a stock.

A number of other brokerages also recently weighed in on WMT.

The Journal notes that physical Walmart stores account for more than 95% of the company's revenue, but in recent years it has shifted from opening hundreds of new stores to growing online and improving existing locations. Goldman Sachs Group set a $84.00 price objective on Wal-Mart Stores and gave the stock a buy rating in a report on Wednesday, July 26th. The other 15 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The firm has "Neutral" rating by Buckingham Research given on Monday, October 19. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

Among 36 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 16 have Buy rating, 0 Sell and 20 Hold. The stock presently has an average rating of Hold and an average price target of $92.68. (NYSE:WMT). Rhumbline Advisers accumulated 2.65M shares.


When we see the company's Volatility, it now has a monthly volatility of 1.62% and weekly volatility of 1.47%. The company holds 3 billion outstanding shares and 1.41 billion shares are floating in market.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. After having $1.90 EPS previously, FactSet Research Systems Inc.'s analysts see 3.16% EPS growth. BMO Capital Markets maintained The Andersons, Inc. The business had revenue of $122.14 billion for the quarter, compared to analysts' expectations of $120.23 billion. River Road Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 1.4% in the third quarter. Bb&T Securities Limited Company invested 0.15% of its portfolio in Wal-Mart Stores, Inc. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued. With 7.18M shares average volume, it will take short sellers 6 days to cover their WMT's short positions. Following the transaction, the insider now directly owns 21,125 shares of the company's stock, valued at approximately $1,668,875. Also, major shareholder Jim C. Walton sold 1,455,636 shares of the company's stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. The disclosure for this sale can be found here. 129 funds opened positions while 457 raised stakes. Finally, Community Bank & Trust Waco Texas increased its holdings in Wal-Mart Stores by 0.3% in the 1st quarter. Cim Invest Mangement has invested 0.14% of its portfolio in Wal-Mart Stores, Inc. Following the completion of the transaction, the insider now owns 10,507,224 shares in the company, valued at $823,135,928.16. The Illinois-based Pekin Singer Strauss Asset Mngmt Il has invested 0.41% in Wal-Mart Stores, Inc. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer's stock worth $594,000 after buying an additional 24 shares during the period.

Wal-Mart Stores Inc. (WMT) has the market capitalization of $293.23 Billion. Greylin Investment Mangement Inc sold 13,580 shares as Wal (WMT)'s stock rose 13.55%. Hedge funds and other institutional investors own 30.40% of the company's stock. (NYSE:WMT) has "Buy" rating given on Tuesday, October 10 by Oppenheimer. If you are accessing this story on another website, it was stolen and reposted in violation of United States & global copyright & trademark legislation.

The world's largest retailer, based in Bentonville, Arkansas, said Wednesday (6 December) it will change its legal name to 'Walmart Inc.' from 'Wal-Mart Stores Inc'. The firm operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com, as well as mobile commerce applications.

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