Wal-Mart Stores, Inc. (NYSE:WMT) had its target price increased by research analysts at Citigroup Inc. from $78.00 to $80.00 in a research note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the retailer’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 0.38% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Vetr upgraded shares of 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, Royal Bank Of Canada reiterated a “sell” rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.86.

Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.39% during trading on Tuesday, reaching $80.01. The company had a trading volume of 3,001,742 shares. The company’s 50 day moving average is $77.99 and its 200-day moving average is $74.54. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $81.99. The stock has a market capitalization of $241.19 billion, a price-to-earnings ratio of 18.17 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts anticipate that Wal-Mart Stores will post $4.37 earnings per share for the current year.

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In other news, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total value of $104,107.50. Following the transaction, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,001,578 shares of company stock worth $1,815,723,535. Company insiders own 51.39% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Winfield Associates Inc. raised its position in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% in the first 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 in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% in the second 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 in the last quarter. Asset Planning Services Ltd. raised its position in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in shares of Wal-Mart Stores by 456.9% in the second 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 in the last quarter. Hedge funds and other institutional investors own 30.00% 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.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

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