Other equities research analysts also recently issued research reports about the stock. KeyCorp began coverage on shares of Wal-Mart Stores in a research report on Thursday, September 29th. They set an overweight rating and a $90.00 price objective for the company. Credit Suisse Group AG began coverage on shares of Wal-Mart Stores in a research report on Friday, September 16th. They set an outperform rating and a $80.00 price objective for the company. Zacks Investment Research downgraded shares of Wal-Mart Stores from a buy rating to a hold rating in a research report on Wednesday, August 24th. Guggenheim began coverage on shares of Wal-Mart Stores in a research report on Friday, September 30th. They set a buy rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $72.00 price objective on shares of Wal-Mart Stores and gave the stock a neutral rating in a research report on Monday. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $74.93.
Wal-Mart Stores (NYSE:WMT) opened at 68.23 on Monday. The firm’s 50-day moving average is $71.24 and its 200-day moving average is $70.92. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19. The firm has a market cap of $211.05 billion, a price-to-earnings ratio of 14.69 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Analysts forecast that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In other 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 shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vigilant Capital Management LLC increased its position in shares of 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 worth $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC purchased a new position in shares of Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC purchased a new position in shares of Wal-Mart Stores during the second quarter worth about $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 worth $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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