Vetr upgraded shares of Wal-Mart Stores Inc. (NYSE:WMT) from a hold rating to a buy rating in a research report released on Monday. They currently have $75.98 price target on the retailer’s stock.
A number of other research firms have also issued reports on WMT. Buckingham Research reiterated a neutral rating on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Telsey Advisory Group increased 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. Royal Bank Of Canada increased 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. 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. Finally, Nomura set a $81.00 target price on Wal-Mart Stores and gave the company a buy rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $74.17.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 72.27 on Monday. The firm has a 50-day moving average price of $72.47 and a 200-day moving average price of $70.66. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19. The stock has a market cap of $223.55 billion, a PE ratio of 15.56 and a beta of 0.22.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. On average, analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal 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 owns 6,748,580 shares in the company, valued at $481,646,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 478,158 shares of Wal-Mart Stores stock in a transaction on Monday, June 27th. The shares were sold at an average price of $71.60, for a total value of $34,236,112.80. Following the transaction, the director now owns 1,987,604 shares in the company, valued at approximately $142,312,446.40. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WMT. Vigilant Capital Management LLC boosted its stake 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 during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC purchased a new stake in Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC purchased a new stake in Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. boosted its stake 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 during the last quarter. Institutional investors and hedge funds 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.
To view Vetr’s full report, visit Vetr’s official website.
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