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Why Walmart changed its name

Why Walmart changed its name

It also upped Netflix Inc (NASDAQ:NFLX) stake by 161,267 shares and now owns 208,535 shares. (NYSE:WMT). Planning Corporation holds 0.12% of its portfolio in Wal-Mart Stores, Inc. The biggest US home-improvement chain is sticking by its outlook for the year and will buy back $15 billion in company shares. World Asset Management Inc increased its holdings in Wal-Mart Stores by 8.7% in the 1st quarter. ProVise Management Group LLC now owns 17,675 shares of the retailer's stock worth $1,274,000 after buying an additional 2,853 shares during the period.

Receive News & Ratings for Wal-Mart Stores Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc and related companies with MarketBeat.com's FREE daily email newsletter. The firm now has $112.00 price objective on the retailer's stock. Piper Jaffray initiated Wal-Mart Stores, Inc. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer's stock worth $1,237,000 after acquiring an additional 4,605 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in Wal-Mart Stores by 3.3% during the 2nd quarter. Morningstar reaffirmed a neutral rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. (NYSE:WMT). Moreover, Howard Cap has 0.07% invested in Wal-Mart Stores, Inc. Hedge funds and other institutional investors own 29.69% of the company's stock.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the business's stock in a transaction on Friday, November 17th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $99.29, for a total value of $67,914.36. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company's stock, valued at $536,309,652.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,419,109 shares of company stock valued at $1,366,198,547.

UBS reissued their hold rating on shares of Wal-Mart Stores (NYSE:WMT) in a research note published on Friday, November 17th, www.tipranks.com reports. (NYSE:WMT). Gam Ag stated it has 366,187 shares. The company saw 4.38 million shares trade hands over the course of the day. WMT comes in with a P/S ratio of 0.59 that's below 1, potentially implying that it could be cheap relative to the overall sector (6.15) and its peers (1.23). The stock has a market cap of $287,380.69, a PE ratio of 22.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. The stock of Wal-Mart Stores, Inc. (NYSE:WMT). Brown Advisory, Maryland-based fund reported 239,219 shares. The retailer reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. RBC Capital Markets maintained Wal-Mart Stores, Inc. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Winfield Associates Inc. now owns 1,373 shares of the retailer's stock valued at $104,000 after purchasing an additional 75 shares in the last quarter.

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Several research firms have commented on WMT. BMO Capital Markets reissued a "market weight" rating on shares of Wal-Mart Stores in a research note on Thursday, September 14th. (NYSE:WMT) on Friday, June 23 with "Hold" rating. The firm has "Neutral" rating by Buckingham Research given on Wednesday, November 8. They noted that the move was a valuation call. The stock presently has an average rating of Hold and an average price target of $92.68.

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"Changing our corporate name from Wal-Mart Stores, Inc., to Walmart Inc.is just a symbol of how customers are shopping us today and how they'll increasingly shop us in the future". The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The firm 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.