Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Trading volume rose 23% to approximately 163,716 shares, while Wal-Mart de México shares slipped to $27.93 from a previous close of $28.18.
• The company exceeded quarterly expectations, reporting EPS of $0.37 versus the $0.35 consensus and revenue of $14.43 billion versus estimates of $14.32 billion.
• Madison Asset Management increased its stake by 16.2% to 105,001 shares, valued at approximately $3.09 million, signaling additional institutional interest.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) shares saw an uptick in trading volume on Monday . Approximately 163,716 shares were traded during trading, an increase of 23% from the previous session's volume of 133,614 shares.The stock last traded at $27.93 and had previously closed at $28.18.

Wal-Mart de Mexico SAB de CV Price Performance

The company has a fifty day simple moving average of $28.38 and a two-hundred day simple moving average of $30.71. The company has a market capitalization of $47.77 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 2.30 and a beta of 0.64.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%.The business had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.32 billion. Equities analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its position in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC increased its position in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,001 shares of the company's stock after buying an additional 14,675 shares during the period. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 at the end of the most recent reporting period.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México SAB de CV OTCMKTS: WMMVY is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company's operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.

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