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Walmart's online sales growth slips, rattling investors

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Shares of Wal-Mart Stores Inc (NYSE WMT) opened at $104.78 on Monday. Stockholders of record on Friday, August 10th will be paid a dividend of 0.52 per share by the retailer on Tuesday, September 4th. Even the Hefty dividend of 2.02 percent annually could not save the shares from dropping like a rock. During the same quarter past year, the company posted $1.30 EPS. Revenue increased 4.1 percent to $136.3 billion during the quarter, while Walmart reported US same-store sales growth of 2.6 percent and a traffic increase of 1.6 percent.

Fuller & Thaler Asset Management Inc, which manages about $2.14B and $8.17B US Long portfolio, decreased its stake in Dolby Laboratories Inc (NYSE:DLB) by 221,298 shares to 1.34 million shares, valued at $76.83M in 2017Q3, according to the filing.

The company's Average Revenue Estimate for the current quarter is $121.07 Billion, while Low and High Revenue Estimates are $119.39 Billion and $122.16 Billion respectively. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 3.1%. When we see the company's Volatility, it now has a monthly volatility of 2.63% and weekly volatility of 2.54%.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. It was also slower than Amazon's North American sales growth of 40 percent during the holiday quarter. You can see how shares began their drop and steady decline once the earnings were announced hours before the market opened. Wal-Mart Stores's revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts anticipate that Wal-Mart Stores will post 4.44 earnings per share for the current year. Signalpoint Asset Management Llc sold 42,205 shares as the company's stock rose 13.55% with the market. Shares for $200,291 were sold by Canney Jacqueline P on Monday, December 11. First National Trust Co now owns 101,672 shares of the retailer's stock worth $10,040,000 after purchasing an additional 5,604 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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In related news, major shareholder Alice L. Walton sold 2,057,004 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total value of $198,891,716.76. Following the completion of the sale, the director now directly owns 3,345,065 shares of the company's stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,635,405 shares of company stock valued at $742,168,245. Insiders own 51.39% of the company's stock.

Several large investors have recently made changes to their positions in WMT. Parkside Investments LLC acquired a new position in Wal-Mart Stores during the third quarter valued at $344,000. The institutional investor owned 71,035 shares of the retailer's stock after purchasing an additional 1,839 shares during the period. For the next 5 years, Wal-Mart Stores Inc.is expecting Growth of 6.7% per annum, whereas in the past 5 years the growth was -4.53% per annum. Sky Investment Group LLC bought a new position in Wal-Mart Stores during the fourth quarter worth about $202,000. Koshinski Asset Management Inc. now owns 11,510 shares of the retailer's stock valued at $1,137,000 after acquiring an additional 5,326 shares during the last quarter. Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. RBC Capital Markets maintained the shares of WMT in report on Monday, June 19 with "Sell" rating. ValuEngine raised Wal-Mart Stores from a "hold" rating to a "buy" rating in a report on Friday, February 2nd. Morgan Stanley set a $90.00 target price on shares of Wal-Mart Stores and gave the stock a "neutral" rating in a research report on Wednesday, November 8th. Telsey Advisory Group reduced their price target on Wal-Mart Stores from $108.00 to $96.00 and set an "outperform" rating for the company in a report on Friday, November 17th. Wal-Mart Stores now has an average rating of "Buy" and a consensus target price of $102.76. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. MKM Partners reduced their price target on shares of Wal-Mart Stores from $97.00 to $94.00 and set a "neutral" rating for the company in a research note on Wednesday.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Enterprise Leader and is the sole property of of Enterprise Leader. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright legislation. Wal-Mart Stores's dividend payout ratio (DPR) is 63.75%.

Walmart also announced the closing of 10% of Sam's Clubs in the USA earlier in 2018 and has slowed down its openings of new Walmart locations to focus on the growth of e-commerce.

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