Wal-Mart offers smartphone payment solution in Virginia

Furthermore, Wal-Mart’s Chinese stores are supposed to be listed as preferred retailer on Dada, which is JD.Com’s online-to-offline joint venture.

The stock is trading at $72.1, up 31.05% from 52-week low of $56.3.

Wal-Mart Stores Inc (NYSE:WMT) had its stock rating indicated as “Buy” in a report released by analysts at Nomura.

“The service was built to make shopping easier and faster, something we know our customers want”, Daniel Eckert, senior vice president of services for Walmart U.S., said in a prepared statement. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.10.

WMT is now showing 3.13 billion shares outstanding as compared with the 1.48 billion total shares float. The stock trades down -0.21% from its peak of $74.14 and % below the consensus price target of $69.11. Its market capitalization now stands at $223.62B. It measures a firm’s efficiency at generating profits from every unit of shareholders’ equity (also known as net assets or assets minus liabilities). Overweight rating was issued by 1 analyst and Underweight rating was recommended by 0 analyst.

Although the companies have managed to strengthen their position against Alibaba, the analysts expect the e-commerce giant to take not a meaningful impact. Piedmont Investment Advisors LLC now owns 413,076 shares of the retailer’s stock valued at $25,322,000 after buying an additional 4,520 shares during the period. The shares were previously rated Hold. Overweight rating was given by 2 analysts and Underweight rating was given by 0 analysts. Most recent session’s volume of 5.36 million shares lower than its average volume of 7.38 million shares. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club.