A number of other research analysts have also weighed in on WMT. Macquarie set a $61.00 target price on Wal-Mart Stores and gave the company a neutral rating in a report on Tuesday, October 4th. Guggenheim assumed coverage on Wal-Mart Stores in a report on Friday, September 30th. They set 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 report on Wednesday, August 24th. Morgan Stanley set a $73.00 target price on Wal-Mart Stores and gave the company a neutral rating in a report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 target price on Wal-Mart Stores and gave the company a hold rating in a 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 company’s stock. The stock currently has an average rating of Hold and a consensus target price of $75.26.
Wal-Mart Stores (NYSE:WMT) opened at 67.98 on Thursday. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19. The company has a 50-day moving average of $71.63 and a 200-day moving average of $70.99. The company has a market cap of $210.28 billion, a price-to-earnings ratio of 14.64 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the previous year, the business posted $1.08 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,502,398 shares of the stock in a transaction dated 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 owns 10,507,127 shares of the company’s stock, valued at $767,230,413.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. 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 worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC purchased a new position in Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. increased 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 worth $117,000 after buying an additional 10 shares in the last quarter. 29.55% of the stock is currently owned by 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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