Walmart's Online Sales Come Under Pressure

Javier Howell
February 21, 2018

Shares of Walmart (NYSE: WMT) were tumbling today after the retail giant posted disappointing results in its fourth-quarter earnings report.

During the quarter, Walmart said sales didn't grow as fast as expected at, an online consumer-products subsidiary acquired in 2016. The stock decreased 0.35% or $0.43 during the last trading session, reaching $121.85. About 43.23 million shares traded or 378.26% up from the average. It has outperformed by 29.15% the S&P500.

First Dallas Securities Inc increased Wal (WMT) stake by 74.49% reported in 2017Q3 SEC filing. In the fourth quarter, adjusted earnings per share increased to $1.33 for the company as a whole, missing expectations of $1.37 per share, according to Thomson Reuters I/B/E/S. Therefore, McMillon revealed, "we'll lean in this year by almost doubling the number of Online Grocery locations in the U.S". The stock decreased 0.60% or $1.42 during the last trading session, reaching $235.25. About 1.21M shares traded. It has underperformed by 2.87% the S&P500. Shares were down 9 percent after open on Tuesday.

Bentonville, Ark. -based Walmart operates more than 11,700 stores under 59 banners in 28 countries and ecommerce websites, employing about 2.3 million associates worldwide. 2,531 are held by Vigilant Cap Management Ltd Com. Counsel Ltd Liability Com New York has 0.03% invested in Walmart Inc.

Moody's Lead Retail Analyst Charlie O'Shea described Walmart's online performance as "impressive" in comments emailed to Retail Dive. But the company said the growth rate would improve and is expected to increase by around 40 percent this year. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Sector Pension Invest Board has invested 0.06% in Walmart Inc. Regal Inv Lc has invested 0.31% in Walmart Inc. (NYSE:WMT) for 4,995 shares. $727,698 worth of Walmart Inc. (NYSE:WMT). The Ohio-based Victory Mgmt has invested 0.06% in Walmart Inc. (NYSE:WMT) for 9,866 shares. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a "neutral" rating in a report on Wednesday, December 27th. The rating was maintained by Deutsche Bank with "Hold" on Monday, May 16. Nwq Management Ltd Llc holds 0.05% of its portfolio in Walmart Inc. Finally, Zacks Investment Research downgraded shares of Wal-Mart Stores from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Stifel Nicolaus maintained Walmart Inc. (NYSE:WMT). 4,980 were accumulated by Brookstone Capital Mngmt. The firm has "Neutral" rating by Citigroup given on Friday, May 20. On Wednesday, February 22 the stock rating was upgraded by Bank of America to "Buy".

Walmart also expects U. Also, Director S Robson Walton sold 826,617 shares of the company's stock in a transaction on Wednesday, November 22nd.

Since September 1, 2017, it had 0 insider purchases, and 7 selling transactions for $2.19 million activity. The Ami Investment Management Inc holds 39,121 shares with $3.06M value, down from 45,196 last quarter. $205,440 worth of Visa Inc.

Investors sentiment is 1.02 in Q3 2017. Its up 0.11, from 0.99 in 2017Q2.

Want to see what other hedge funds are holding WMT? (NYSE:HD) or 293 shares. The California-based Palo Cap has invested 1.71% in Walmart Inc. Fuller & Thaler Asset Management Inc invested 0.04% of its portfolio in Freshpet, Inc. Syntal Capital Prns Ltd Liability Co holds 3,837 shares. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Monetary Management Grp reported 7,650 shares stake. (NYSE:V). 170,362 are held by Capital Advsr Inc Ok. Corporate insiders own 51.39% of the company's stock. (NASDAQ:KINS) to report earnings on March, 15. (NYSE:V) for 26,470 shares.

Dorsey & Whitney Trust Company Llc, which manages about $502.84 million US Long portfolio, upped its stake in Home Depot Inc (NYSE:HD) by 3,854 shares to 54,259 shares, valued at $8.88 million in 2017Q3, according to the filing.

Among 42 analysts covering Visa Inc. Therefore 50% are positive. RBC Capital Markets maintained it with "Underperform" rating and $92 target in Friday, November 17 report. The company was maintained on Friday, August 11 by Keefe Bruyette & Woods. The company was maintained on Friday, June 23 by Oppenheimer. The firm has "Outperform" rating given on Friday, September 8 by Leerink Swann. Wal-Mart Stores now has a consensus rating of Buy and an average price target of $101.26. Seventeen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company.

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