Huntington National Bank reached $13724000 position of Wal-Mart Stores Inc. (WMT)
- by Leah Brady
- in Worldwide
- — Oct 19, 2016
On October 11, 2016 Wal-Mart Stores Inc. This consensus number is also derived from Zacks. Wal-Mart Stores makes up approx 0.06% of Patten Patten Inctn's portfolio.Gradient Investments boosted its stake in WMT in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 490 shares of Wal-Mart Stores which is valued at $33,310.Beacon Capital Management reduced its stake in WMT by selling 510 shares or 87.18% in the most recent quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer's stock valued at $365,175,000 after buying an additional 4,652,393 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Wal-Mart Stores by 24.3% in the second quarter. Bank of America Corp. reissued a "neutral" rating and issued a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. The share price is now 1.41 percent versus its SMA20, -4.35 percent versus its SMA50, and -9.02 percent versus its SMA200.
Wal-Mart Stores Inc. (NYSE:WMT) has a mean revenue estimate for the ongoing quarter ending Oct 16 of $118.61B, according to 18 analysts. The stock had a trading capacity of 4.09M shares. Insiders own 51.55% of the company's stock. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. (NYSE:WMT) traded 6.42 Million shares and was closed at $68.45 per share. The stock had a trading volume of 7,493,385 shares. The firm has a SMA 50 (Simple Moving Average) of $71.16 and a SMA 200-(Simple Moving Average) of $70.93. The firm has price to book ratio of 2.77 and its price to sale ratio was 0.44.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.05. Over the last 3 months and over the last 6 months, the shares of Wal-Mart Stores Inc. The firm had revenue of $120.90 billion for the quarter, compared to analysts' expectations of $119.33 billion. Mean EPS forecast of 28 analysts for Next Quarter is set at $1.33.
Citigroup Inc. stated net income for the third quarter 2016 of $3.8 billion, or $1.24 per diluted share, on revenues of $17.8 billion. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 4.9%.
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Several brokerages have recently weighed in on WMT.
Stock Yards Bank Trust Co reduced its stake in Wal-Mart Stores by 13.55% during the most recent quarter end. Guggenheim initiated coverage on Wal-Mart Stores in a report on Friday, September 30th. The consensus recommendation by Thomson Reuters analysts is Hold for WMT and their mean rating for the stock is 2.69 on scale of 1-5. Jefferies Group set a $85.00 price target on Wal-Mart Stores and gave the company a "buy" rating in a research note on Tuesday, August 9th.
Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Wal-Mart Stores, Inc. Wal-Mart Stores now has a consensus rating of "Hold" and an average target price of $75.38.
The share price is presently 2.30 percent as compared to its SMA20, 3.38 percent as compared to its SMA50, and 10.42 percent as compared to its SMA200.The stock has a one-year performance down -7.60% and a negative weekly performance at -1.36%. The stock was sold at an average price of $71.37, for a total value of $250,134,435.72.
