KeyCorp Weighs in on Wal-Mart Stores Inc’s FY2019 Earnings (WMT)

Wal-Mart Stores Inc (NYSE:WMT) – Research analysts at KeyCorp lifted their FY2019 earnings estimates for shares of Wal-Mart Stores in a research report issued on Monday. KeyCorp analyst E. Yruma now anticipates that the retailer will post earnings of $4.57 per share for the year, up from their previous estimate of $4.50. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. The business earned $129.75 billion during the quarter, compared to analyst estimates of $130.22 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. Wal-Mart Stores’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS.

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Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

A number of other analysts have also recently commented on WMT. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $74.70 price objective for the company in a research report on Monday, December 26th. BMO Capital Markets reiterated an “underperform” rating and set a $63.00 price objective on shares of Wal-Mart Stores in a research report on Friday, April 7th. MKM Partners set a $72.00 price objective on Wal-Mart Stores and gave the company a “hold” rating in a research report on Saturday, February 18th. Telsey Advisory Group upgraded Wal-Mart Stores from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $73.00 to $82.00 in a research report on Friday, April 7th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $80.00 price objective on shares of Wal-Mart Stores in a research report on Thursday, February 16th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.33.

Wal-Mart Stores (NYSE:WMT) traded up 0.99% during midday trading on Wednesday, reaching $74.80. The company had a trading volume of 8,483,053 shares. The stock has a market capitalization of $226.87 billion, a PE ratio of 17.08 and a beta of 0.09. Wal-Mart Stores has a 12-month low of $62.72 and a 12-month high of $75.19. The company has a 50-day moving average of $71.16 and a 200-day moving average of $69.83.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, December 6th. Wal-Mart Stores’s payout ratio is 43.48%.

In other news, major shareholder Alice L. Walton sold 4,542,361 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $70.54, for a total value of $320,418,144.94. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $476,044,833.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 3,667,343 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $71.99, for a total value of $264,012,022.57. Following the completion of the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at $756,408,072.73. The disclosure for this sale can be found here. Insiders sold a total of 15,585,041 shares of company stock valued at $1,110,035,611 over the last ninety days. Corporate insiders own 51.55% of the company’s stock.

Several large investors have recently bought and sold shares of WMT. Itau Unibanco Holding S.A. bought a new stake in Wal-Mart Stores during the third quarter valued at about $104,000. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the last quarter. BKS Advisors LLC bought a new stake in Wal-Mart Stores during the third quarter valued at about $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock valued at $114,000 after buying an additional 112,511 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC raised its stake in Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock valued at $118,000 after buying an additional 351 shares during the last quarter. 29.69% of the stock is owned by institutional investors and hedge funds.

About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

5 Day Chart for NYSE:WMT

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