Barclays PLC upgraded shares of Wal-Mart Stores Inc. (NYSE:WMT) from an equal weight rating to an overweight rating in a research note released on Thursday morning. They currently have $87.00 target price on the retailer’s stock, up from their previous target price of $70.00.
“Given that Walmart exhibits all of the traits of a Stable Staple (positive traffic, 2.8 percent dividend yield, 7.5 percent FCF yield, respectable lease-adjusted ROIC, positive traffic), yet is trading at a significant discount, we are assuming coverage with an Overweight rating and an $87 price target (32 percent upside).,” Barclays PLC’s analyst commented.
Several other research firms have also recently issued reports on WMT. Buckingham Research reiterated a neutral rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Telsey Advisory Group increased their price objective 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. Royal Bank Of Canada raised their price target on Wal-Mart Stores from $73.00 to $76.00 and gave the company an underperform rating in a research report on Friday, August 19th. Morgan Stanley set a $76.00 price target on Wal-Mart Stores and gave the company a neutral rating in a research report on Friday, August 19th. Finally, Nomura set a $81.00 price target on Wal-Mart Stores and gave the company a buy rating in a research report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores has a consensus rating of Hold and an average target price of $74.78.
Wal-Mart Stores (NYSE:WMT) opened at 71.62 on Thursday. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The stock’s 50 day moving average is $72.38 and its 200 day moving average is $70.76. The firm has a market cap of $221.54 billion, a PE ratio of 15.42 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, equities analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other news, EVP Rosalind G. Brewer sold 10,794 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $71.65, for a total value of $773,390.10. Following the completion of the sale, the executive vice president now directly owns 285,749 shares in the company, valued at approximately $20,473,915.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Vigilant Capital Management LLC increased its stake in shares of 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 period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC purchased a new stake in shares of Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC purchased a new stake in shares of Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. increased its stake in shares of 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 period. 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.
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