Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Up - What's Next?

Key Points

• Wal-Mart de Mexico shares opened sharply higher, rising from a $28.18 prior close to $29.5760 before settling at $28.36 on Friday, with 26,308 shares traded.
• The company beat quarterly expectations, reporting earnings of $0.37 per share versus the $0.35 consensus estimate and revenue of $14.43 billion versus $14.32 billion expected.
• Madison Asset Management increased its position by 16.2% in the second quarter, holding 105,001 shares valued at approximately $3.09 million.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $28.18, but opened at $29.5760. Wal-Mart de Mexico SAB de CV shares last traded at $28.36, with a volume of 26,308 shares trading hands.

Wal-Mart de Mexico SAB de CV Price Performance

The stock's fifty day moving average price is $28.40 and its 200 day moving average price is $30.75. The stock has a market capitalization of $48.82 billion, a P/E ratio of 17.64, a PEG ratio of 2.31 and a beta of 0.64.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $14.32 billion. On average, sell-side analysts expect that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current year.

Institutional Investors 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 stake in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,001 shares of the company's stock after purchasing 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 as of its most recent filing with the Securities & Exchange Commission.

Wal-Mart de Mexico SAB de CV Company Profile

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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