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Slowing online sales and reduced profits worry Walmart investors

24 February 2018

During the same quarter in the previous year, the company posted $1.30 earnings per share. Perhaps, that suggests something about why 1.24% of the outstanding share supply is held by institutional investors.

In other news, major shareholder Alice L. Walton sold 2,057,004 shares of the company's stock in a transaction on Tuesday, November 28th. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company's stock, valued at approximately $652,520,200.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several other hedge funds have also recently modified their holdings of the business. The shares were sold at an average price of $96.89, for a total value of $113,346,572.72.

Since September 13, 2017, it had 0 insider purchases, and 1 sale for $3,328 activity. The disclosure for this sale can be found here. Insiders sold a total of 7,635,405 shares of company stock worth $742,168,245 over the last 90 days. (NYSE:WMT) by some 56,032,389 shares, 763 decreased positions by 70,384,890 and 216 held positions by 768,361,332. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of Wal-Mart Stores by 3.3% during the 2nd quarter.

Walmart projects earnings of $4.75 to $5 per share for the current fiscal year, which is lower than some investors anticipated. Amundi Pioneer Asset Management Inc. now owns 4,668,539 shares of the retailer's stock valued at $461,019,000 after buying an additional 4,226,117 shares during the period. Spirit of America Management Corp NY increased its position in shares of Wal-Mart Stores by 42.8% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 14,099 shares of the retailer's stock worth $1,067,000 after buying an additional 45 shares during the period. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer's stock valued at $145,000 after purchasing an additional 1,058 shares during the last quarter. Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer's stock valued at $369,565,000 after buying an additional 1,689,364 shares during the period. Corporate insiders own 51.39% of the company's stock.

Wal-Mart Stores (NYSE:WMT) traded down $2.59 during midday trading on Wednesday, hitting $91.52. It improved, as 10 investors sold DEST shares while 9 reduced holdings. Jacobs Levy Equity Mgmt holds 14,018 shares or 0% of its portfolio. During the same quarter last year, the firm posted $1.30 earnings per share. research analysts predict that Wal-Mart Stores Inc will post 4.44 EPS for the current year.

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Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The world's largest retailer reported a lower-than-expected fourth-quarter profit and wrestled with slower e-commerce sales during the busiest time of the year, signs that underscore the company's challenges in a fiercely competitive landscape. The Return on Equity (ROE) value stands at 15.1%. It also reduced its holding in Intl Business Mach (NYSE:IBM) by 5,100 shares in the quarter, leaving it with 10,800 shares, and cut its stake in Priceline Group Inc/The (NASDAQ:PCLN). During the same quarter in the prior year, the firm earned $1.30 EPS. Investors of record on Friday, December 7th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, August 9th. Even the Hefty dividend of 2.02 percent annually could not save the shares from dropping like a rock.

Wal-Mart Stores (WMT) opened at $94.11 on Wednesday.

Among 13 analysts covering Alkermes (NASDAQ:ALKS), 8 have Buy rating, 0 Sell and 5 Hold. Barclays raised their price target on Wal-Mart Stores to $120.00 and gave the company an "overweight" rating in a report on Friday, January 26th.

Sales at US stores open at least a year rose 2.6 percent, excluding fuel price fluctuations, while the market expected a rise of 2 percent, according to Consensus Metrix. Sixteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Jefferies Group has a "Buy" rating and a $119.00 price objective on the stock. If you are accessing this article on another domain, it was stolen and republished in violation of US & global copyright law. Wal-Mart Stores's dividend payout ratio is presently 54.26%. The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club.

It is not possible for Walmart to directly open retail stores in India because of restrictions on overseas investments in multi-brand retail and thus running wholesale operations instead.

Slowing online sales and reduced profits worry Walmart investors