Wal-Mart Stores Inc. (NYSE:WMT) has been given a $82.00 price target by Barclays PLC in a research note issued on Monday. The brokerage presently has a a “buy” rating on the retailer’s stock. Barclays PLC’s price target would indicate a potential upside of 21.68% from the stock’s current price.
Several other research analysts have also recently commented on WMT. Royal Bank Of Canada raised their target price on Wal-Mart Stores from $73.00 to $76.00 and gave the stock an “underperform” rating in a research report on Friday, August 19th. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Bank of America Corp. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research report on Saturday, June 25th. Telsey Advisory Group raised their target price on Wal-Mart Stores from $71.00 to $78.00 and gave the stock a “market perform” rating in a research report on Friday, August 19th. Finally, Morgan Stanley set a $76.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $74.93.
Wal-Mart Stores (NYSE:WMT) opened at 67.39 on Monday. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The company has a market cap of $208.45 billion, a price-to-earnings ratio of 14.51 and a beta of 0.20. The company has a 50-day moving average of $71.48 and a 200-day moving average of $70.97.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. Analysts predict that Wal-Mart Stores will post $4.34 EPS 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 stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction that occurred 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 $2,105,497.44. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vigilant Capital Management LLC raised its position 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 acquired a new position in Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC acquired a new position in Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC acquired a new position in Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. raised its position 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. 29.55% of the stock is currently owned by institutional investors and hedge funds.
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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