Market Update (NYSE:WMT): Wal-Mart Stores, Inc. to Present at the Raymond James 37th Annual Institutional Investors Conference

[Business Wire] – Wal-Mart Stores, Inc. will participate in the Raymond James Institutional Investors Conference on Tues., March 8. Steve Bratspies, Chief Merchandising Officer of Walmart U.S., will present an update on the company’s initiatives and participate in a Q&A session. Read more on this. Wal-Mart Stores Inc. (WMT) , with a current value of $212.00B, opened at $66.21. Looking at today’s trading action, the company’s one day range from $66.00 to $66.67 with a one year range of $56.30 to $83.90. WMT shares are currently priced at 16.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 3.01%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.88 per share, which 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 better than last year. 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 3.46% below where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Stock Update (NYSE:ALL): Allstate to Present at Raymond James 37th Annual Institutional Investors Conference Stock Update (NYSE:HD): The Home Depot to Present at Raymond James 37th Annual Institutional Investors Conference Market Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart Stores, Inc. to Webcast 22nd Annual Meeting for the Investment Community