Wal-Mart Stores’ (WMT) “Underperform” Rating Reaffirmed at Royal Bank Of Canada

Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a $77.00 price target on the retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 8.47% from the stock’s current price.

Several other brokerages have also recently issued reports on WMT. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Vetr cut Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price objective for the company. in a report on Monday, July 17th. Citigroup Inc. lifted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $81.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.71.

Shares of Wal-Mart Stores (NYSE WMT) opened at 84.13 on Wednesday. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $84.88. The company’s 50 day moving average price is $79.46 and its 200 day moving average price is $77.32. The stock has a market capitalization of $251.31 billion, a PE ratio of 20.21 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts anticipate that Wal-Mart Stores will post $4.38 earnings per share for the current fiscal year.

WARNING: “Wal-Mart Stores’ (WMT) “Underperform” Rating Reaffirmed at Royal Bank Of Canada” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/11/wal-mart-stores-wmt-underperform-rating-reaffirmed-at-royal-bank-of-canada.html.

In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total value of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Company insiders own 51.39% of the company’s stock.

Large investors have recently made changes to their positions in the company. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares during the period. TrimTabs Asset Management LLC grew its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s sto

Several other brokerages have also recently issued reports on WMT. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Vetr cut Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price objective for the company. in a report on Monday, July 17th. Citigroup Inc. lifted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $81.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.71.

Shares of Wal-Mart Stores (NYSE WMT) opened at 84.13 on Wednesday. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $84.88. The company’s 50 day moving average price is $79.46 and its 200 day moving average price is $77.32. The stock has a market capitalization of $251.31 billion, a PE ratio of 20.21 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts anticipate that Wal-Mart Stores will post $4.38 earnings per share for the current fiscal year.

WARNING: “Wal-Mart Stores’ (WMT) “Underperform” Rating Reaffirmed at Royal Bank Of Canada” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/11/wal-mart-stores-wmt-underperform-rating-reaffirmed-at-royal-bank-of-canada.html.

In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total value of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Company insiders own 51.39% of the company’s stock.

Large investors have recently made changes to their positions in the company. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares during the period. TrimTabs Asset Management LLC grew its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the period. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Wal-Mart Stores in the first quarter valued at $201,000. 30.19% of the stock is 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

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