Wal-Mart is changing its legal name (kind of)

Wal-Mart is changing its legal name (kind of)

Wal-Mart is changing its legal name (kind of)

It will continue to trade on the New York Stock Exchange as "WMT".

A number of other brokerages also recently weighed in on WMT.

Wall Street's main indexes edged higher on Wednesday, with Microsoft and other technology stocks making modest gains and helping offset losses in energy shares after oil prices dropped more than 2 percent. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Northcoast upgraded the shares of WMT in report on Friday, November 13 to "Buy" rating. Moreover, Jacobs Levy Equity Management has 0.27% invested in Wal-Mart Stores, Inc. 7,139,462 shares of the company's stock traded hands, compared to its average volume of 8,942,541.

When considering a new stock purchase, a lot of investors find out how Wall Street analysts feel about the company before they buy in. The company now has an average rating of Hold and an average target price of $92.68. (NYSE:WMT). Weatherly Asset Mngmt Ltd Partnership reported 0.24% of its portfolio in Wal-Mart Stores, Inc. The Current Ratio parades a figure of 0.8 . The retailer reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.03.

Wall Street analysts, on average, are forecasting the company's EPS to be 1.35, compared to 1.3 reported in the same quarter previous year. During the same quarter in the prior year, the firm posted $0.98 EPS.

Company incurring big one-time expenses can be the reason analyst expect a dip in this year.

Walmart's formal legal name when it incorporated in 1969 was Wal-Mart Inc. This repurchase authorization allows the retailer to purchase shares of its stock through open market purchases. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. In the most recent financial results released by Wal-Mart Stores, Inc., for the quarter ending on 2017-10-31, the company posted EPS of 1. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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The name change is also a nod to the company's roots, Mr. McMillon noted. The shares were sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders sold a total of 14,419,109 shares of company stock worth $1,366,198,547 in the last 90 days. Corporate insiders own 51.39% of the company's stock.

"Our customers know us as Walmart and today they shop with us not only in our stores but online and with our app as well", said Doug McMillon, president and CEO of Wal-Mart Stores". Hudock Capital Group LLC now owns 1,847 shares of the retailer's stock worth $139,000 after buying an additional 7 shares during the period. D E Shaw & Inc reported 0.34% in Wal-Mart Stores, Inc.

In related news, major shareholder Alice L. Walton sold 2,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 26th. Sterneck Capital Management LLC grew its holdings in Wal-Mart Stores by 0.3% in the first quarter. The stock witnessed 9.09% gains, 22.17% gains and 23.6% gains for the 1-month, 3-month and 6-month period, respectively. Finally, Private Vista LLC increased its position in Wal-Mart Stores by 2.4% in the third quarter.

Supermarket mega chain Wal-Mart is changing its legal name. Inc. now owns 1,526 shares of the retailer's stock valued at $115,000 after buying an additional 1,252 shares during the period.

Analyst notified mean rating at 2.40 after consensus analysis. If you are reading this piece of content on another site, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation.

The world's largest retailer announced it intends to drop both the hyphen and the word "stores" from its legal name, officially becoming Walmart.

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