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Hot Tickers: Wal-Mart Stores, Inc. (WMT), Regions Financial Corporation (RF)
08 December 2017, 01:23 | Kenneth Drake
Walmart Shortens Its Legal Name To Reflect New Direction
Winfield Associates Inc. now owns 1,373 shares of the retailer's stock valued at $104,000 after buying an additional 75 shares during the period.
Wal-Mart Stores Inc.is changing its legal name effective February 1 as it shifts away from physical stores in the age of Amazon's increasing dominance. Rothschild Asset has 0.01% invested in Wal-Mart Stores, Inc.
Cheviot Value Management Llc decreased its stake in Wal (WMT) by 70.95% based on its latest 2017Q2 regulatory filing with the SEC.
The name change is also a nod to the company's roots, Mr. McMillon noted. Moreover, Jacobs Levy Equity Management has 0.27% invested in Wal-Mart Stores, Inc. Inc. now owns 1,526 shares of the retailer's stock worth $115,000 after buying an additional 1,252 shares in the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Wal-Mart Stores by 89.2% in the 1st quarter.
Marsico Capital Management Llc increased Treehouse Foods Inc (NYSE:THS) stake by 19,302 shares to 149,678 valued at $12.23M in 2017Q2. Ropes Wealth Advisors LLC now owns 20,772 shares of the retailer's stock worth $1,498,000 after buying an additional 2,700 shares during the period. Blair William Il holds 313,919 shares or 0.18% of its portfolio.
In other news, EVP John R. Furner sold 1,200 shares of the business's stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.61, for a total transaction of $128,760,572.13. The Company kept a record of 1.41 billion floated shares and 3 billion shares outstanding. The disclosure for this sale can be found here. (NYSE:WMT). Planning Corporation holds 0.12% of its portfolio in Wal-Mart Stores, Inc. 7,140,900 shares of the stock were exchanged, compared to its average volume of 8,942,550.
Investors also need to beware of the Wal-Mart Stores, Inc. The stock's price to sales ratio for trailing twelve months is 0.59 and price to book ratio for the most recent quarter is 3.83, whereas price to cash per share for the most recent quarter are 45.07. The company will continue to trade on the NYSE as WMT. The average estimate of Wall Street analysts had projected 0.97. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The high and low revenue estimates for the current quarter are $133.53 Billion and $130.07 Billion, respectively. During the same period in the previous year, the company posted $0.98 EPS.
The retailer incorporated on October 31, 1969, as Wal-Mart Inc. but that was changed in 1970, the year the retailer went public.
The retailer's shares were flat in pre-market trading at $97.82. Northcoast upgraded the shares of WMT in report on Friday, November 13 to "Buy" rating. Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis.
Among 4 analysts covering VELOCYS ORD 1P (LON:VLS), 4 have Buy rating, 0 Sell and 0 Hold. Morningstar reaffirmed a neutral rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Jefferies Group set a $93.00 target price on Wal-Mart Stores and gave the company a "buy" rating in a research note on Thursday, August 17th. J P Morgan Chase & Co reiterated a "neutral" rating and issued a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another site, it was stolen and reposted in violation of United States & global trademark and copyright law. The retailer has insisted it wants to be known as "one Walmart" but legally, Wall Street and journalists often referred to the retail conglomerate as Wal-Mart Stores, because that has been its legal name since January 1, 1970.
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