Wal-Mart Stores Inc. (NYSE:WMT) had its price objective cut by research analysts at BMO Capital Markets to $63.00 in a research note issued on Tuesday. BMO Capital Markets’ price objective would suggest a potential downside of 7.33% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Barclays PLC set a $82.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group Inc. set a $72.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price target on the stock in a report on Monday, June 13th. Morgan Stanley restated a “hold” rating and set a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, July 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $70.00 price target on shares of Wal-Mart Stores in a report on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $74.93.
Wal-Mart Stores (NYSE:WMT) traded down 0.59% during trading on Tuesday, hitting $67.58. 2,181,449 shares of the stock were exchanged. The firm has a market cap of $209.04 billion, a PE ratio of 14.55 and a beta of 0.20. The firm’s 50-day moving average is $71.63 and its 200 day moving average is $70.99. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same quarter last year, the firm earned $1.08 earnings per share. Wal-Mart Stores’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $488,664,677.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Vigilant Capital Management LLC increased its position in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $100,000. Americafirst Capital Management LLC acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $106,000. Seven Eight Capital LLC acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $111,000. Finally, Piershale Financial Group Inc. increased its position in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors 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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