Walmart just saw $30 billion in market cap destroyed by Amazon fears

Audrey Hill
February 23, 2018

Royal Bank of Canada lifted their price target on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an "underperform" rating in a report on Friday, November 17th. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts anticipate that Wal-Mart Stores Inc will post 4.44 EPS for the current year. The ex-dividend date of this dividend is Thursday, March 8th. The stock has a market capitalization of $278,790.00, a PE ratio of 25.03, a PEG ratio of 3.74 and a beta of 0.42. RBC Capital Markets has "Sell" rating and $7400 target. The stock has "Equal-Weight" rating by Morgan Stanley on Wednesday, November 8. The company was maintained on Monday, October 5 by Macquarie Research. (NYSE:WMT) on Friday, January 12 with "Hold" rating. The firm has "Hold" rating by Jefferies given on Tuesday, September 5. (NYSE:WMT), with 10 analysts believing it is a strong buy. Its up 66.67% from 6,300 shares previously. Wal now has $273.09B valuation. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.31% with $1.43 Billion sitting short, betting on future declines. About 925,833 shares traded. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc.in February 2018. It has outperformed by 8.25% the S&P500. It's also slower than the 40% growth it is projecting for this coming fiscal year. On Tuesday, August 29 the insider Gearhart Jeffrey J sold $727,698.

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.

Investors sentiment is 1.02 in 2017 Q3. Its the same as in 2017Q2. Moreover, Foster Dykema Cabot & Ma has 0.16% invested in Walmart Inc. Pettee Invsts reported 0.45% in Walmart Inc. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Walmart stock rose 27% in the process. (NYSE:WMT) for 3,420 shares. Steinberg Glob Asset Mgmt holds 4,051 shares. (NYSE:WMT). Hayek Kallen Investment has 2.69% invested in Walmart Inc. (NYSE:WMT) for 35,228 shares. Keating Investment Counselors Incorporated reported 5,493 shares stake. Natl Bank Of Ny Mellon Corp holds 0% in Destination Maternity Corporation (NASDAQ:DEST) or 12,659 shares. Mondrian Prns Limited has 340,046 shares for 0.01% of their portfolio. Cetera Advisors Limited Com owns 28,056 shares for 0.13% of their portfolio. By looking at the Volatility of the company, Week Volatility is at 1.74%, whereas Month Volatility stands at 1.94%. TNSTF's SI was 10,500 shares in February as released by FINRA. (NYSE:WMT). New York-based Morgan Stanley has invested 0.3% in Walmart Inc.

Institutional investors now hold around $93.76 billion or 30.7% in WMT stock. The stock decreased 2.05% or $1.925 during the last trading session, reaching $92.185. About 22.74 million shares traded or 136.67% up from the average.

Cullinan Associates Inc. lowered its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. It has underperformed by 2.87% the S&P500.

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Shares of Wal-Mart Stores Inc (NYSE WMT) opened at $94.11 on Wednesday.

It was no great surprise to see a solid set of financial results for Walmart this morning, with Q4 sales growth standing at 2.1%.

The company operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com, as well as mobile commerce applications. The firm acquired 3,675 shares of the retailer's stock, valued at approximately $363,000. Chicago Bridge & Iron Company (NYSE:CBI) was raised too.

Analysts await International Paper Company (NYSE:IP) to report earnings on April, 26. Those full-year numbers also missed the expected $4.98 per share forecast by analysts with S&P Global Intelligence. Longer Invests reported 3,595 shares or 0.25% of all its holdings. Its up 0.56, from 0.86 in 2017Q2. 102.05 million shares or 7.26% more from 95.15 million shares in 2017Q2 were reported. Hsbc Public Ltd Liability stated it has 0.27% in Walmart Inc. Thompson Siegel & Walmsley Ltd, a Virginia-based fund reported 724,800 shares.

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