Walmart testing store employee delivery of US online orders

Meet your new Walmart delivery driver

Meet your new Walmart delivery driver. Credit Walmart

Cowen and Company reiterated an "outperform" rating and set a $83.00 price target on shares of Wal-Mart Stores in a report on Wednesday, February 22nd.

Among 5 analysts covering Cathay Bancorp (NASDAQ:CATY), 3 have Buy rating, 0 Sell and 2 Hold. RBC Capital Markets initiated Wal-Mart Stores Inc (NYSE:WMT) on Tuesday, May 3 with "Underperform" rating.

BMO Capital "Upgrades" Wal-Mart Stores (NYSE:WMT) in a research note issued to investors on 5/19/17 to Market Perform with price target of $0. Conner Raymond L. sold $15.75 million worth of stock or 96,174 shares. Gearhart Jeffrey J also sold $868,299 worth of Wal-Mart Stores Inc (NYSE:WMT) on Wednesday, May 24. The firm has a market capitalization of $242.22 billion, a PE ratio of 18.12 and a beta of 0.09.

In January, Wal-Mart ended its ShippingPass subscription pilot and instead announced that it would offer free shipping on minimum purchases of $35, down from $50.

Last time, the company shocked Wall Street by reporting EPS of $1.00, smashing the consensus of $0.96 per share. The company had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The company's quarterly revenue was up 1.3% compared to the same quarter previous year.

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"It just makes sense", the company said in the blog post. During the same period previous year, the company earned $0.98 earnings per share.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of USA & global copyright & trademark legislation. Moreover, Savant Capital Ltd has 0.2% invested in Wal-Mart Stores Inc (NYSE:WMT). The stock was sold at an average price of $70.50, for a total transaction of $211,500,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 3,000,000 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the sale, the insider now owns 10,507,127 shares of the company's stock, valued at $740,752,453.50.

A number of other large investors have also recently made changes to their positions in the stock. Wal-Mart Stores Inc had 80 analyst reports since August 14, 2015 according to SRatingsIntel. Over the last 90 days, insiders have sold 11,804,090 shares of company stock worth $902,437,682. Virginia Retirement Systems ET AL now owns 878,000 shares of the retailer's stock valued at $63,321,000 after buying an additional 256,600 shares in the last quarter. Sigma Planning Corp increased its position in Wal-Mart Stores by 7.4% in the third quarter. The company's stock has a normal trading capacity of 7.82M shares while the relative volume is 1.05. Teachers Advisors LLC increased its position in Wal-Mart Stores by 1.1% in the fourth quarter. TLP Group LLC purchased a new stake in Wal-Mart Stores during the third quarter valued at approximately $128,000. The analysts estimated sales for the higher end at 124433 million and lower end at 121664 million while the year ago reported sale was 123106 million. Oakworth Inc invested in 6,749 shares or 0.16% of the stock.

Once seen as a disadvantage in a rapidly-changing retail landscape that favors e-commerce, Walmart has suddenly turned its 4,700 US stores into an asset that not only allows shoppers to browse and buy in-store, but also transform into mini distribution centers.

"Our stores put us within 10 miles of 90% of the USA population".

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