July 21, 2018

Walmart plans to handle returns faster than Amazon

11 October 2017, 12:13 | Max Haynes

Source Walmart Walmart Mobile Express returns

Walmart Mobile Express returns

In early 2018, the service will expand to include store purchases. Wal-Mart Stores accounts for approximately 2.5% of Mercer Capital Advisers Inc.'s investment portfolio, making the stock its 10th biggest holding. Out of 35 Wall Street analysts rating Wal-Mart Stores Inc, 17 give it "Buy", 1 "Sell" rating, while 17 recommend "Hold". The company rocked its 52-Week High of $81.99 and touched its 52-Week Low of $65.28. Bank of America maintained Wal-Mart Stores Inc (NYSE:WMT) rating on Tuesday, March 14. The stock's 50-day moving average price is $74.04 and its 200 day moving average price is $70.70.

Since May 19, 2017, it had 0 insider purchases, and 24 insider sales for $4.06 billion activity.

Wal-Mart Stores, Inc. (WMT) is expected to publicly release its next quarterly financial results before the market open on 11/16/17.

First, customers will use a smartphone app to indicate that they will be coming into a Wal-Mart store to make a return.

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Shares in USA retail giant Walmart Stores Inc (NYSE:WMT) nudged higher in pre-market as it repeated its earnings guidance for the current year and announced plans to expand its growing digital presence.

During its annual meeting for investors, Wal-Mart Stores Inc provided some updates on its business. For the most recent quarter, quick ratio was 0.20, current ratio was 0.80, LT Debt/Equity ratio was 0.53 and Total Debt/Equity ratio stands at 0.62, while Payout ratio is 48.40%. The change will be available in early November. Also, major shareholder Alice L. Walton sold 621,500 shares of the firm's stock in a transaction dated Thursday, August 31st. (WMT). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. The disclosure for this sale can be found here.

To be sure, none of Wal-Mart's retail peers have made a similar promise - receive a refund without bringing an item back - of such a large scale. Banque Pictet And Cie has 0.01% invested in Wal-Mart Stores Inc (NYSE:WMT). Cypress Wealth Advisors LLC increased its stake in shares of Wal-Mart Stores by 85.6% in the first quarter. The institutional investors in our partner's database now possess: 877.29 million shares, up from 876.16 million shares in 2017Q1.

Last this month, the discounter announced it was trying out "in-fridge delivery" with smart lock maker August, where shoppers order from and groceries are put directly into their refrigerator. Walmart operates as the chain of the hypermarkets as well as grocery stores.

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