Wal-Mart Stores Inc. (NYSE:WMT) had its price objective reduced by BMO Capital Markets from $67.00 to $63.00 in a research note published on Tuesday morning. BMO Capital Markets currently has an underperform rating on the retailer’s stock.
Several other equities analysts have also commented on WMT. Royal Bank Of Canada upped their target price on Wal-Mart Stores from $73.00 to $76.00 and gave the company an underperform rating in a research note on Friday, August 19th. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the company a buy rating in a research note on Tuesday, August 9th. Bank of America Corp. reiterated a neutral rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Telsey Advisory Group upped their target price on Wal-Mart Stores from $71.00 to $78.00 and gave the company a market perform rating in a research note on Friday, August 19th. Finally, Morgan Stanley set a $76.00 target price on Wal-Mart Stores and gave the company a neutral rating in a research note on Friday, August 19th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $75.38.
Wal-Mart Stores (NYSE:WMT) opened at 68.45 on Tuesday. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19. The stock has a 50 day moving average price of $71.16 and a 200 day moving average price of $70.93. The stock has a market cap of $211.73 billion, a PE ratio of 14.74 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released 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. The firm earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores 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 transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,100,000 shares of Wal-Mart Stores stock in a transaction 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 in the company, valued at $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of WMT. Vigilant Capital Management LLC boosted 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 valued at $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 valued at about $100,000. Americafirst Capital Management LLC purchased a new position in shares of Wal-Mart Stores during the second quarter valued at about $106,000. Seven Eight Capital LLC purchased a new position in shares of Wal-Mart Stores during the second quarter valued at about $111,000. Finally, Piershale Financial Group Inc. boosted 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. 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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