Wal-Mart Stores Inc. (WMT) Receives Average Rating of “Hold” from Brokerages
Shares of Wal-Mart Stores Inc. (NYSE:WMT) have been given a consensus recommendation of “Hold” by the thirty-three research firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $75.88.
Several analysts recently weighed in on WMT shares. KeyCorp started coverage on Wal-Mart Stores in a report on Thursday, September 29th. They set an “overweight” rating and a $90.00 price target for the company. Credit Suisse Group AG started coverage on Wal-Mart Stores in a report on Friday, September 16th. They set an “outperform” rating and a $80.00 price target for the company. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Guggenheim started coverage on Wal-Mart Stores in a report on Friday, September 30th. They set a “buy” rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. set a $72.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.30% during mid-day trading on Wednesday, hitting $67.59. The stock had a trading volume of 3,656,290 shares. The firm has a market cap of $209.07 billion, a PE ratio of 14.55 and a beta of 0.20. The stock has a 50 day moving average price of $71.48 and a 200 day moving average price of $70.97. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19.
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Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. Equities research analysts expect that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In other news, major shareholder Alice L. Walton sold 3,142,846 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vigilant Capital Management LLC increased its stake in shares of 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 valued at approximately $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $106,000. Seven Eight Capital LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $111,000. Finally, Piershale Financial Group Inc. increased 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 valued at $117,000 after buying an additional 10 shares during the period. 29.55% of the stock is owned by hedge funds and other institutional investors.
Wal-Mart Stores Company Profile
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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