Wal-Mart comparable sales beat estimates, margins dip

Wal-Mart comparable sales beat estimates, margins dip

Naples Glob Advsr Ltd Liability Corp invested 0.27% in Wal-Mart Stores Inc (NYSE:WMT). Wal-Mart Stores Inc had 95 analyst reports since August 14, 2015 according to SRatingsIntel. WALTON ALICE L also sold $193.96M worth of Wal-Mart Stores Inc (NYSE:WMT) shares.

In related news, major shareholder Jim C. Walton sold 3,278,735 shares of the business's stock in a transaction that occurred on Thursday, June 8th.

Wal-Mart Stores Inc. said sales rose in its latest quarter Thursday, showing that the world's largest retailer continues to avoid the malaise that has hit some competitors, but it came at the expense of profits. Finally, Arcadia Investment Management Corp MI raised its stake in shares of Wal-Mart Stores by 7.2% in the first quarter. Summit Global Investments now owns 105,312 shares of the retailer's stock worth $7,591,000 after buying an additional 29,893 shares during the last quarter. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. $868,299 worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by Gearhart Jeffrey J. On Tuesday, May 23 the insider Canney Jacqueline P sold $104,113. About 71,722 shares traded. The company's 50-day moving average price is $77.44 and its 200 day moving average price is $74.15. The company has market cap of $6.94 billion. Guggenheim initiated Wal-Mart Stores Inc (NYSE:WMT) on Friday, September 30 with "Buy" rating.

Wal-Mart's namesake United States stores turned in another quarter of increased sales Thursday, although the retailing giant reported a drop in profits due to higher expenses. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%.

The group said same-store sales, excluding fuel, would rise by between 1.5% to 2% across its U.S. locations in the third quarter of the year. During the same period in the previous year, the firm posted $0.98 earnings per share. The company's revenue was up 1.3% on a year-over-year basis.

The company expects full-year earnings in the range of $4.34 to $4.54 per share, up from prior guidance of $3.80 to $4.20 per share.

A number of equities analysts recently weighed in on the company. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a "buy" rating in a report on Friday.

Target expects both the third and fourth quarter for the rest of the fiscal year to be comparable growth within the range of what the company reported for the first and second quarters of this year. The transaction was disclosed in a legal filing with the SEC, which is available at this link. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer's stock valued at $151,000 after buying an additional 901 shares during the period. The disclosure for this sale can be found here. The stock has risen 11 percent in the last 12 months. Vanguard Grp Incorporated Inc owns 396,974 shares or 0% of their U.S. portfolio. That is stronger than market expectations for a rise of 1.7 percent, according to research firm Consensus Metrix. It turned negative, as 97 investors sold WMT shares while 540 reduced holdings.