Walmart's Massive Tech Investments Drive Another Quarter of Big Sales Gains

Posted August 18, 2017

(NYSE:WMT) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. Another trade for 1,322 shares valued at $104,113 was sold by Canney Jacqueline P. Chojnowski David had sold 5,142 shares worth $408,070.

Wal-Mart's grocery sales grew as it lowered prices and worked to improve its fresh food.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock.

It appears that Walmart's investments in its stores and online operations are paying off in market share gains. Wal-Mart Stores Inc had 98 analyst reports since August 14, 2015 according to SRatingsIntel. Guggenheim Capital LLC boosted its position in shares of Wal-Mart Stores by 5.2% in the fourth quarter.

The retailer, based in Bentonville, Arkansas said its earnings were 96 cents a share for the just ended three-month period. The stock of Wal-Mart Stores Inc (NYSE:WMT) has "Buy" rating given on Friday, September 30 by Guggenheim. Cibc Asset Management Inc has invested 0.21% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). Moreover, Granite Investment Partners Llc has 0.19% invested in the company for 295,603 shares. Mraz Amerine And Associate Inc stated it has 0.14% in Wal-Mart Stores Inc (NYSE:WMT).

Total volume for the index was 31.3 million shares.

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Wal-Mart also is facing a renewed threat from longtime brick-and-mortar rival Target Corp. The company has market cap of $240.19 billion. Comp sales for the 13-week period ending October 27 is expected to be a growth of 1.5 percent to 2 percent for Walmart U.S. excluding fuel and a growth of 1 percent to 1.5 percent for Sam's Club excluding fuel. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. Wal-Mart Stores's quarterly revenue was up 2.1% on a year-over-year basis.

Wal-Mart posted adjusted earnings of $1.08 compared to an estimate of $1.07 per share.

At the end of the day, Wal-Mart increased its low end full year earnings outlook from $4.20 per share to $4.30, not including items, while holding on its high end outlook at $4.40. (NYSE WMT) opened at 80.98 on Thursday. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright law.

COPYRIGHT VIOLATION WARNING: "Wal-Mart Stores' (WMT) Buy Rating Reaffirmed at Cowen and Company" was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. The stock has "Neutral" rating by Goldman Sachs on Wednesday, April 6. Ontario - Canada-based Td Asset Mgmt has invested 0.2% in Wal-Mart Stores Inc (NYSE:WMT). Pacific Crest cut Wal-Mart Stores to a "hold" rating in a research report on Sunday, April 30th. JP Morgan downgraded the stock to "Neutral" rating in Monday, November 2 report. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Wal-Mart Stores by 11.2% in the second quarter. They also raised its profit guidance for the year to a range of $4.34 to $4.54, instead of its prior forecast of $3.80 to $4.20. The company now has a consensus rating of "Hold" and an average target price of $79.83.

On 6/6/2017 S Robson Walton, Director, sold 1,602,965 with an average share price of $78.84 per share and the total transaction amounting to $126,377,760.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wal-Mart shares fell 1.9% to $79.41 in morning trading Thursday.