Wal-Mart Stores Inc. (NYSE:WMT) received a $61.00 target price from equities researchers at Macquarie in a report released on Tuesday. The brokerage currently has a a “neutral” rating on the retailer’s stock. Macquarie’s price target would indicate a potential downside of 15.29% from the stock’s current price.
A number of other research firms have also recently issued reports on WMT. KeyCorp began coverage on Wal-Mart Stores in a report on Thursday, September 29th. They issued an “overweight” rating and a $90.00 price objective for the company. Credit Suisse Group AG began coverage on Wal-Mart Stores in a report on Friday, September 16th. They set an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Guggenheim began coverage on Wal-Mart Stores in a report on Friday. They set a “buy” rating and a $82.00 target price for the company. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Wal-Mart Stores in a report on Monday, June 6th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $75.66.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.340% during midday trading on Tuesday, reaching $72.255. The company’s stock had a trading volume of 1,343,907 shares. The stock has a market cap of $223.50 billion, a price-to-earnings ratio of 15.555 and a beta of 0.20. 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 $72.11 and a 200-day moving average price of $70.91.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping 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 firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that Wal-Mart Stores will post $4.35 earnings per share for the current fiscal year.
In other news, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares in the company, valued at approximately $2,105,497.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of 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 insiders.
Several institutional investors have recently added to or reduced their stakes in WMT. LVM Capital Management Ltd. MI boosted its position in shares of Wal-Mart Stores by 978.0% in the third quarter. LVM Capital Management Ltd. MI now owns 51,742 shares of the retailer’s stock worth $3,884,000 after buying an additional 46,942 shares in the last quarter. Beacon Financial Group boosted its position in shares of Wal-Mart Stores by 6.9% in the third quarter. Beacon Financial Group now owns 17,936 shares of the retailer’s stock worth $1,269,000 after buying an additional 1,159 shares in the last quarter. Evercore Wealth Management LLC boosted its position in shares of Wal-Mart Stores by 14.6% in the second quarter. Evercore Wealth Management LLC now owns 27,512 shares of the retailer’s stock worth $2,009,000 after buying an additional 3,495 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Wal-Mart Stores by 29.8% in the second quarter. Macquarie Group Ltd. now owns 48,187 shares of the retailer’s stock worth $3,519,000 after buying an additional 11,057 shares in the last quarter. Finally, Carnick & Kubik Group LLC bought a new position in shares of Wal-Mart Stores during the second quarter worth approximately $475,000. Hedge funds and other institutional investors own 29.55% of the company’s stock.
About Wal-Mart Stores
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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