KeyCorp Analysts Give Wal-Mart Stores Inc. (WMT) a $90.00 Price Target
Wal-Mart Stores Inc. (NYSE:WMT) received a $90.00 price target from KeyCorp in a research report issued on Friday. The firm currently has a a “buy” rating on the retailer’s stock. KeyCorp’s price objective would suggest a potential upside of 29.76% from the stock’s current price.
WMT has been the topic of several other reports. Vetr cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $75.25 price target on the stock. in a report on Thursday, September 15th. JPMorgan Chase & Co. set a $75.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Group set a $86.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 22nd. Buckingham Research set a $70.00 price objective on shares of Wal-Mart Stores and gave the stock a “hold” rating in a report on Wednesday, September 28th. Finally, Macquarie set a $61.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.59.
Wal-Mart Stores (NYSE:WMT) traded down 0.74% on Friday, reaching $68.85. The company’s stock had a trading volume of 10,193,303 shares. The stock has a 50 day moving average price of $71.93 and a 200-day moving average price of $70.94. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The company has a market capitalization of $212.97 billion, a price-to-earnings ratio of 14.82 and a beta of 0.20.
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Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the previous year, the company posted $1.08 EPS. Wal-Mart Stores’s revenue was up .5% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Vigilant Capital Management LLC raised its stake in 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 valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $106,000. Seven Eight Capital LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $111,000. Finally, Piershale Financial Group Inc. raised 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 last quarter. Institutional investors own 29.55% of the company’s stock.
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 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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