Wal-Mart Stores Inc. (NYSE:WMT)‘s stock had its “underperform” rating reissued by stock analysts at RBC Capital Markets in a research note issued on Saturday. They presently have a $75.00 target price on the retailer’s stock, down from their previous target price of $76.00. RBC Capital Markets’ price objective points to a potential upside of 9.17% from the company’s previous close.
Several other research analysts have also issued reports on the company. Macquarie set a $61.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday. Guggenheim initiated coverage on Wal-Mart Stores in a research report on Friday, September 30th. They issued a “buy” rating and a $82.00 target price for the company. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Morgan Stanley set a $73.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 target price on Wal-Mart Stores and gave the stock a “hold” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average price target of $75.56.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 68.70 on Friday. The company’s 50-day moving average price is $71.77 and its 200-day moving average price is $70.95. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19. The company has a market capitalization of $212.51 billion, a price-to-earnings ratio of 14.79 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $481,646,154.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lawson Kroeker Investment Management Inc. NE raised its position in shares of Wal-Mart Stores by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 106,061 shares of the retailer’s stock valued at $7,649,000 after buying an additional 570 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of Wal-Mart Stores during the third quarter valued at about $1,878,000. Bremer Trust National Association raised its position in shares of Wal-Mart Stores by 1.9% in the third quarter. Bremer Trust National Association now owns 13,577 shares of the retailer’s stock valued at $979,000 after buying an additional 253 shares during the period. First American Bank raised its position in shares of Wal-Mart Stores by 3.3% in the third quarter. First American Bank now owns 36,813 shares of the retailer’s stock valued at $2,654,000 after buying an additional 1,176 shares during the period. Finally, Independence Advisors LLC raised its position in shares of Wal-Mart Stores by 5.9% in the third quarter. Independence Advisors LLC now owns 4,108 shares of the retailer’s stock valued at $296,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 29.55% of the company’s stock.
Wal-Mart Stores Company Profile
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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