Walmart Reports Better-Than-Expected Q1, Boosted by Online Sales

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NEXT Financial Group Inc now owns 12,905 shares of the retailer's stock worth $1,148,000 after buying an additional 970 shares during the period. The stock plummeted -2.67 percent over the past month and fell -14.41 percent year-to-date.

With more than 300 million tech-savvy millennials, India is an enticing market for Walmart.

A number of other institutional investors have also recently modified their holdings of the stock. Walmart said the decline reflects a revision in its corporate overhead allocations to operating segments, which meant that prior-year figures were recast for comparison purposes.

Walmart Inc. posted earnings for the first quarter that were stronger than had been expected on Thursday and affirmed its opinion that the acquisition this month of Flipkart in India would hit the bottom line in 2018. Finally, Cerebellum GP LLC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $127,000.

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According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

Wal-Mart Stores Inc. (WMT) now has a Return on Assets (ROA) value of 4.8 Percent. Two Sigma Advisers LP lifted its stake in Walmart by 74.7% in the 4th quarter.

Analysts are predicting earnings per share growth of -26.80% for the current year. Finally, Teachers Advisors LLC lifted its stake in Walmart by 20.4% in the 4th quarter.

Walmart opened at $87.55 on Thursday, MarketBeat Ratings reports. The return on assets stands at 4.8%, Return on Equity now is 13% and the Return on Investment value is 10%. Walmart has a 1-year low of $84.78 and a 1-year high of $85.92. As of today, the company has a SMA200 (200-day simple moving average) of -3.99 Percent.

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Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th.

Adjusted to take into account an unrealized loss on investment in JD.com in China based on new accounting principles and a benefit from tax reform legislation, first quarter earnings per share were $1.14, which topped a MarketBeat-published analyst average estimate by two cents. Butensky And Cohen Fincl Security Incorporated has 1.99% invested in Walmart Inc. Revenue was $122.69 billion vs. $120.51 billion forecast.

Walmart also announced several big worldwide deals as the quarter ended. This represents a $2.08 annualized dividend and a dividend yield of 2.43%. Walmart's dividend payout ratio is now 47.06%. On Wednesday, November 29 the stock rating was upgraded by RBC Capital Markets to "Sector Perform". Zacks Investment Research raised shares of Walmart from a hold rating to a buy rating and set a $114.00 price objective on the stock in a report on Saturday, January 13th.

Analysts on average have given a price target of $105.4 to Wal-Mart Stores Inc. Wal-Mart Stores Inc.

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USA first-quarter same-store sales rose 2.1% at the company's supercenter and discount stores, and comparable-store traffic rose 0.8%. Operating income at Sam's Club stores tumbled by 18.5% in the quarter.

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