Wal-Mart Stores’ (WMT) Hold Rating Reaffirmed at Wells Fargo & Company
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “hold” rating reissued by analysts at Wells Fargo & Company in a report released on Thursday.
A number of other equities research analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 target price for the company in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $67.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $79.83.
Wal-Mart Stores (WMT) traded down 1.58% on Thursday, hitting $79.70. 17,178,009 shares of the stock were exchanged. The company’s 50 day moving average price is $77.90 and its 200-day moving average price is $74.51. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The company has a market cap of $240.26 billion, a P/E ratio of 18.10 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $121.95 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. Equities research analysts predict that Wal-Mart Stores will post $4.37 EPS for the current fiscal year.
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In related news, major shareholder Jim C. Walton sold 3,278,735 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 10,507,224 shares in the company, valued at $830,070,696. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Chojnowski sold 5,142 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $79.36, for a total value of $408,069.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of WMT. Lowe FS boosted its position in Wal-Mart Stores by 0.6% in the third quarter. Lowe FS now owns 314 shares of the retailer’s stock valued at $20,000 after buying an additional 2 shares in the last quarter. Piershale Financial Group Inc. boosted its position in Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock valued at $116,000 after buying an additional 5 shares in the last quarter. Hudock Capital Group LLC boosted its position in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. Vantage Investment Advisors LLC boosted its position in Wal-Mart Stores by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,118 shares of the retailer’s stock valued at $153,000 after buying an additional 8 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its position in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds 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.
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