Investors Must See: Wal-Mart Stores Inc. (WMT)

22 Mai, 2017, 03:50 | Author: Marc Bacque

Solid gains in phone companies and some retailers pushed US stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier.

Wal-Mart has boosted its online offerings to 50 million items, up five fold from a year ago, said Marc Lore, president and CEO, Walmart eCommerce US. The stock presently has a consensus rating of "Hold" and an average target price of $76.73.

The average amount each USA shopper spent per trip declined slightly, down 0.1% "primarily due to lower sales of higher ticket items at the beginning of the quarter, as well as continued price investment", said Wal-Mart Chief Financial Officer Brett Biggs in a conference call.

In a show of how much the company still relies on in-store purchases, the 63 percent jump in online sales contributed to a 1.4 percent increase in total sales for the quarter, which reached $117.5 billion. It generated $5.4 billion in operating cash flow and returned $3.7 billion capital to shareholders through dividends and stock buybacks. The firm owned 34,179 shares of the retailer's stock after selling 4,300 shares during the period. The original version of this piece of content can be accessed at Nobilis Health Corp. has 1 buy ratings, 2 holds and 0 sells even after the stock tumbled -65.03% from its high of $3.86 to a $105.04 million market value through last close.

Wal-Mart Stores on Thursday reported another quarter of positive same-store sales growth in the USA and better-than-expected earnings, suggesting its price-and-service investments were gaining additional traction despite a rough environment for growth. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.96 by $0.04.

The company expects its per-share earnings to range from $1 to $1.08 for the current quarter.

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"The first quarter was a solid quarter for Wal-Mart on multiple fronts as margins held steady despite the myriad ongoing investments in people, technology and price", said Moody's analyst Charlie O'Shea. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and global trademark and copyright law. The company also projects earnings per share of $1 to $1.08 in the quarter. During the same quarter in the previous year, the company posted $0.98 EPS. Stockholders of record on Friday, December 8th will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, December 6th.

The retailer reported $75.4 billion in net US sales, a 2.9 percent increase from a year ago. Wal-Mart Stores's dividend payout ratio is now 43.48%.

Weak quarterly results from other companies sent those stocks lower. The stock was sold at an average price of $70.54, for a total transaction of $320,418,144.94. Also, major shareholder Jim C. Walton sold 3,667,343 shares of the business's stock in a transaction that occurred on Monday, February 27th. Following the transaction, the insider now owns 10,507,127 shares of the company's stock, valued at approximately $756,408,072.73. The disclosure for this sale can be found here. Oakbrook Investments LLC now owns 91,393 shares of the retailer's stock worth $6,591,000 after buying an additional 48,850 shares during the period. Its last month's stock price volatility remained 1.33% which for the week stands at 0.95%. Corporate insiders own 51.55% of the company's stock.

The company also posted a Walmart U.S. comparable-store sales increase of 1.4 percent, excluding fuel, spurred by a 1.5 percent traffic increase.

Wal-Mart's US same-store sales rose 1.4% in the first quarter - the 11th straight quarterly increase - as the retailer benefited from an increase in store foot traffic.


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The only negative was that net revenue at $117.5 billion was a little less than the $117.8 billion that was expected. Fort Point Capital Partners LLC increased its stake in shares of Wal-Mart Stores by 0.4% in the third quarter.

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