Traders sold shares of Wal-Mart Stores Inc. (NYSE:WMT) on strength during trading on Wednesday after BMO Capital Markets lowered their price target on the stock from $67.00 to $63.00. $70.02 million flowed into the stock on the tick-up and $149.78 million flowed out of the stock on the tick-down, for a money net flow of $79.76 million out of the stock. Of all equities tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.07 for the day and closed at $67.46
A number of other equities analysts also recently weighed in on WMT. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price target on the stock in a research report on Monday, June 13th. Nomura reissued a “buy” rating and set a $81.00 price target on shares of Wal-Mart Stores in a research report on Thursday, June 23rd. Credit Suisse Group AG reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Wednesday, June 22nd. Bank of America Corp. reissued a “neutral” rating and set a $72.00 price target on shares of Wal-Mart Stores in a research report on Saturday, June 25th. Finally, Jefferies Group reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $74.93.
In other Wal-Mart Stores news, 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 sale, the insider now owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of WMT. Fisher Asset Management LLC raised its stake in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock valued at $365,175,000 after buying an additional 4,652,393 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Wal-Mart Stores during the second quarter valued at about $309,966,000. Emerald Acquisition Ltd. bought a new stake in shares of Wal-Mart Stores during the second quarter valued at about $260,853,000. State Street Corp raised its stake in shares of Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock valued at $4,903,327,000 after buying an additional 1,726,468 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Wal-Mart Stores by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,418,449 shares of the retailer’s stock valued at $541,665,000 after buying an additional 1,449,033 shares during the last quarter. Institutional investors own 29.55% of the company’s stock.
The company has a market capitalization of $211.05 billion, a P/E ratio of 14.69 and a beta of 0.20. The stock has a 50 day moving average of $71.24 and a 200 day moving average of $70.92.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Equities research analysts expect that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.
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.
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.