Wal-Mart Stores’ (WMT) Positive Rating Reaffirmed at Susquehanna Bancshares Inc

Susquehanna Bancshares Inc restated their positive rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a report issued on Monday morning. Susquehanna Bancshares Inc currently has a $99.00 target price on the retailer’s stock, up from their prior target price of $93.00.

Several other analysts have also weighed in on WMT. Vetr lowered Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 price target on the stock. in a report on Monday, June 19th. BidaskClub lowered Wal-Mart Stores from a strong-buy rating to a buy rating in a report on Tuesday, June 20th. Jefferies Group LLC restated a buy rating and set a $75.54 price target (down previously from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. Wells Fargo & Company restated a market perform rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $82.00 price target on the stock in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $84.11.

Wal-Mart Stores (NYSE WMT) opened at 85.74 on Monday. The stock has a market capitalization of $256.12 billion, a P/E ratio of 20.60 and a beta of 0.29. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $86.95. The firm’s 50 day moving average is $80.08 and its 200 day moving average is $77.67.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Wal-Mart Stores will post $4.37 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Wal-Mart Stores’ (WMT) Positive Rating Reaffirmed at Susquehanna Bancshares Inc” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/17/wal-mart-stores-wmt-positive-rating-reaffirmed-at-susquehanna-bancshares-inc.html.

Wal-Mart Stores announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Corporate insiders own 51.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. State Street Corp boosted its holdings in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. FMR LLC boosted its holdings in Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after acquiring an additional 580,373 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in

Several other analysts have also weighed in on WMT. Vetr lowered Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 price target on the stock. in a report on Monday, June 19th. BidaskClub lowered Wal-Mart Stores from a strong-buy rating to a buy rating in a report on Tuesday, June 20th. Jefferies Group LLC restated a buy rating and set a $75.54 price target (down previously from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. Wells Fargo & Company restated a market perform rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $82.00 price target on the stock in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $84.11.

Wal-Mart Stores (NYSE WMT) opened at 85.74 on Monday. The stock has a market capitalization of $256.12 billion, a P/E ratio of 20.60 and a beta of 0.29. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $86.95. The firm’s 50 day moving average is $80.08 and its 200 day moving average is $77.67.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Wal-Mart Stores will post $4.37 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Wal-Mart Stores’ (WMT) Positive Rating Reaffirmed at Susquehanna Bancshares Inc” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/17/wal-mart-stores-wmt-positive-rating-reaffirmed-at-susquehanna-bancshares-inc.html.

Wal-Mart Stores announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Corporate insiders own 51.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. State Street Corp boosted its holdings in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. FMR LLC boosted its holdings in Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after acquiring an additional 580,373 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after acquiring an additional 256,833 shares in the last quarter. 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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