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BMO Capital Markets reduced their earnings per share (EPS) estimates on shares of Wal-Mart Stores (NYSE:WMT) in a research note issued on Friday, American Banking News reports. The firm currently has a “market perform” rating and a $79.00 price target on the company’s shares. BMO Capital Markets’ price objective points to a potential upside of 7.45% from the company’s current price.

Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.46% during mid-day trading on Friday, hitting $73.185. The stock had a trading volume of 4,347,526 shares. Wal-Mart Stores has a 52 week low of $69.89 and a 52 week high of $81.37. The stock’s 50-day moving average is $75.59 and its 200-day moving average is $76.19. The company has a market cap of $236.8 billion and a price-to-earnings ratio of 14.13. Wal-Mart Stores also was the target of unusually large options trading activity on Thursday. Stock investors purchased 32,001 call options on the stock. This is an increase of 218% compared to the typical volume of 10,074 call options.

Wal-Mart Stores (NYSE:WMT) last released its earnings data on Thursday, February 20th. The company reported $1.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.60. The company had revenue of $129.71 billion for the quarter, compared to the consensus estimate of $130.44 billion. On average, analysts predict that Wal-Mart Stores will post $5.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 3rd.

Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group cut their price target on shares of Wal-Mart Stores from $86.00 to $80.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at Gilford Securities downgraded shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, analysts at Stifel Nicolaus downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $83.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $81.83.

Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats globally.

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