Wal-Mart Stores, Inc. (WMT) Given Hold Rating at Deutsche Bank AG
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued on Tuesday. They presently have a $81.00 price target on the retailer’s stock. Deutsche Bank AG’s price target suggests a potential upside of 1.86% from the stock’s previous close.
Several other research firms also recently issued reports on WMT. J P Morgan Chase & Co set a $68.00 price target on Wal-Mart Stores and gave the company a “sell” rating in a research note on Thursday, February 23rd. Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research report on Monday, May 15th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $78.51.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS.
COPYRIGHT VIOLATION NOTICE: “Wal-Mart Stores, Inc. (WMT) Given Hold Rating at Deutsche Bank AG” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/06/13/wal-mart-stores-inc-wmt-given-hold-rating-at-deutsche-bank-ag.html.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,000,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $70.50, for a total value of $211,500,000.00. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $740,752,453.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 3,278,735 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The disclosure for this sale can be found here. Insiders sold a total of 22,980,991 shares of company stock valued at $1,787,909,476 over the last 90 days. 51.39% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Lowe FS raised its stake in shares of Wal-Mart Stores by 0.6% in the third quarter. Lowe FS now owns 314 shares of the retailer’s stock worth $20,000 after buying an additional 2 shares during the last quarter. Vigilant Capital Management LLC raised 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 worth $100,000 after buying an additional 1,270 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Wal-Mart Stores during the second quarter worth about $100,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Wal-Mart Stores during the third quarter worth about $104,000. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter worth about $106,000. Institutional investors and hedge funds own 30.15% of the company’s stock.
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 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.
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.