Wal-Mart Stores, Inc. (NYSE:WMT) had its price objective lifted by BMO Capital Markets from $91.00 to $99.00 in a research note released on Friday morning. BMO Capital Markets currently has a market perform rating on the retailer’s stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group, Inc. set a $84.00 price target on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Wednesday, July 26th. Bank of America Corporation set a $100.00 price target on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a hold rating to a buy rating and set a $88.00 price target for the company in a research report on Thursday, October 12th. KeyCorp set a $100.00 price target on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Wednesday, October 11th. Finally, Robert W. Baird set a $90.00 price target on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of Hold and a consensus target price of $89.87.
Shares of Wal-Mart Stores (NYSE:WMT) traded down $2.15 on Friday, hitting $97.47. 23,570,194 shares of the company’s stock were exchanged, compared to its average volume of 8,895,206. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $100.13. The firm has a market capitalization of $297,590.00, a PE ratio of 20.89, a PEG ratio of 3.40 and a beta of 0.34. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 1.55% and a return on equity of 9.20%. The business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same period last year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts forecast that Wal-Mart Stores will post 4.38 earnings per share for the current year.
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Wal-Mart Stores declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders sold a total of 9,979,505 shares of company stock worth $790,977,085 over the last three months. 51.39% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Winfield Associates Inc. increased its stake in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Thompson Davis & CO. Inc. increased its stake in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC increased its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. 30.12% of the stock is currently owned by institutional investors.
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.
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