Company Update: Wal-Mart Stores Inc (NYSE:WMT) – Walmart Introduces Walmart Pay in Alabama

[Business Wire] – Walmart knows customers want to save not just money, but also time. That’s why Walmart introduced Walmart Pay – a fast, easy and secure way for customers to pay with their smartphones in Walmart stores. Read more on this. Wal-Mart Stores Inc. (WMT) , with a current market cap of $221.11B, began trading this morning at $71.00. Looking at today’s trading action, the company’s one day range from $70.80 to $71.36 and has traded between $56.30 and $74.14 over the past 12 months. WMT shares are currently priced at 16.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.44x forward p/e ratio. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.84%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.02 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $4.27, which would be a $0.32 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $120.12 Billion. If reported, that would be a 0.09% decrease over the year-ago quarter. In terms of ratings, Jefferies upgraded WMT from Hold to Buy (Jun 6, 2016). Previously, RBC Capital Mkts Initiated WMT at to Underperform. With the above information in mind, readers should note that the average price target is $69.11, which is 2.66% below where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Company Update: Wal-Mart Stores Inc (NYSE:WMT) – Walmart to webcast Annual Meeting of Shareholders and its question and answer session with the investment community Stock Update: Wal-Mart Stores Inc (NYSE:WMT) – U.S. court shoots down Puerto Rico tax on Wal-Mart Stock Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart Japan to focus on remodeling stores, no plans to exit market