Goldman Sachs Group Inc. set a $72.00 price objective on Wal-Mart Stores Inc. (NYSE:WMT) in a research note issued to investors on Tuesday morning. The firm currently has a a neutral rating on the retailer’s stock.
WMT has been the topic of a number of other research reports. Jefferies Group set a $86.00 price target on shares of Wal-Mart Stores and gave the company a buy rating in a report on Tuesday, October 4th. Deutsche Bank AG restated a hold rating and set a $77.00 price target (up previously from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Royal Bank Of Canada cut their price target on shares of Wal-Mart Stores from $76.00 to $75.00 and set an underperform rating on the stock in a report on Friday, October 7th. Buckingham Research restated a neutral rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, Vetr downgraded shares of Wal-Mart Stores from a buy rating to a hold rating and set a $76.24 price target on the stock. in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of Hold and an average target price of $75.38.
Shares of 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 of $71.16 and a 200-day moving average of $70.93. The firm has a market cap of $211.73 billion, a price-to-earnings ratio of 14.74 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business 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%. Wal-Mart Stores’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Equities research analysts expect that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 6,748,580 shares in the company, valued at $482,118,555.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Icon Advisers Inc. Co. bought a new position in Wal-Mart Stores during the first quarter valued at $767,000. CIBC World Markets Inc. boosted its position in Wal-Mart Stores by 27.3% in the first quarter. CIBC World Markets Inc. now owns 217,896 shares of the retailer’s stock valued at $14,924,000 after buying an additional 46,673 shares during the period. Raab & Moskowitz Asset Management LLC boosted its position in Wal-Mart Stores by 3.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 6,783 shares of the retailer’s stock valued at $464,000 after buying an additional 221 shares during the period. Middleton & Co Inc MA boosted its position in Wal-Mart Stores by 718.5% in the first quarter. Middleton & Co Inc MA now owns 35,132 shares of the retailer’s stock valued at $2,406,000 after buying an additional 30,840 shares during the period. Finally, Hyman Charles D bought a new position in Wal-Mart Stores during the first quarter valued at $1,291,000. 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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