JPMorgan Chase & Co. set a $72.00 target price on Wal-Mart Stores Inc. (NYSE:WMT) in a research note published on Monday morning. The brokerage currently has a a neutral rating on the retailer’s stock.
A number of other equities research analysts have also recently commented on WMT. Vetr upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $73.65 price target for the company in a research note on Monday, June 13th. Nomura reiterated a buy rating and issued a $81.00 price target on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Credit Suisse Group AG reiterated a hold rating on shares of Wal-Mart Stores in a research note on Wednesday, June 22nd. Bank of America Corp. reiterated a neutral rating and issued a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Finally, Jefferies Group reiterated a buy rating on shares of Wal-Mart Stores in a research note on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $74.93.
Wal-Mart Stores (NYSE:WMT) opened at 68.23 on Monday. The stock’s 50 day moving average price is $71.24 and its 200-day moving average price is $70.92. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a market capitalization of $211.05 billion, a PE ratio of 14.69 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period last year, the business posted $1.08 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction 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 directly owns 6,748,580 shares of the company’s stock, valued at approximately $481,646,154.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the transaction, the insider now directly owns 10,507,127 shares of the company’s stock, valued at $767,230,413.54. 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 added to or reduced their stakes in the company. Vigilant Capital Management LLC boosted 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 last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Wal-Mart Stores during the second quarter valued at approximately $100,000. Americafirst Capital Management LLC bought a new position in Wal-Mart Stores during the second quarter valued at approximately $106,000. Seven Eight Capital LLC bought a new position in Wal-Mart Stores during the second quarter valued at approximately $111,000. Finally, Piershale Financial Group Inc. boosted its position in 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 last quarter. 29.55% of the stock is owned by hedge funds and other institutional investors.
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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