Stock Update (NYSE:WMT): Wal-Mart Stores, Inc. to participate at the Bank of America 2016 Consumer & Retail Conference

[Business Wire] – Wal-Mart Stores, Inc. will participate in the Bank of America 2016 Consumer & Retail Conference on Tue., March 15. Chief Financial Officer Brett Biggs will participate in a fireside chat about the company’s fourth quarter results reported on Feb. Read more on this. Wal-Mart Stores Inc. (WMT) , valued at $217.38B, opened this morning at $66.62. Shares have traded today between $66.27 and $68.48 per share with its 52-week range being $56.30 to $83.90. WMT shares are currently priced at 16.21x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.26x earnings multiple. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.99%. According to a consensus of 24 analysts, the earnings estimate of $0.88 per share would be $0.15 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $4.12 which would be a $0.47 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $113.31 Billion. If reported, that would be a 1.32% decrease over the year-ago quarter. In terms of ratings, Northcoast upgraded WMT from Neutral to Buy (Nov 13, 2015). Previously, Citigroup Initiated WMT at to Neutral. The average price target for WMT shares is $63.92, which is 4.05% below where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Market Update (NYSE:WMT): Wal-Mart Stores, Inc. to Present at the Raymond James 37th Annual Institutional Investors Conference WMT Stock: Could This Send Wal-Mart Stores, Inc. Soaring in 2016 Market Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart Stores, Inc. to Webcast 22nd Annual Meeting for the Investment Community