Several other research firms also recently commented on WMT. KeyCorp assumed coverage on Wal-Mart Stores in a research report on Thursday, September 29th. They set an overweight rating and a $90.00 target price for the company. Credit Suisse Group AG assumed coverage on Wal-Mart Stores in a report on Friday, September 16th. They set an outperform rating and a $80.00 price target 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 assumed coverage on Wal-Mart Stores in a report on Friday. They set a buy rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. reaffirmed a hold rating on shares of Wal-Mart Stores in a report on Monday, June 6th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $75.53.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 72.01 on Monday. 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 has a one year low of $56.30 and a one year high of $75.19. The firm has a market cap of $222.75 billion, a price-to-earnings ratio of 15.50 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during 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%. Wal-Mart Stores’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. On average, equities research analysts forecast that Wal-Mart Stores will post $4.35 EPS for the current year.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,502,398 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the sale, the insider now directly owns 10,507,127 shares in the company, valued at $767,230,413.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in 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. BlackRock Fund Advisors boosted its stake in Wal-Mart Stores by 1.6% in the second quarter. BlackRock Fund Advisors now owns 19,309,257 shares of the retailer’s stock valued at $1,409,962,000 after buying an additional 297,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in Wal-Mart Stores by 2.1% in the first quarter. Geode Capital Management LLC now owns 13,570,247 shares of the retailer’s stock valued at $927,651,000 after buying an additional 284,071 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Wal-Mart Stores by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 8,319,158 shares of the retailer’s stock worth $607,461,000 after buying an additional 389,425 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Wal-Mart Stores by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,146,797 shares of the retailer’s stock worth $594,878,000 after buying an additional 629,728 shares during the last quarter. Hedge funds and other 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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