Wal-Mart Stores, Inc. (WMT) Earns Buy Rating from Robert W. Baird
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a note issued to investors on Sunday. They presently have a $85.00 target price on the retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 5.75% from the company’s current price.
A number of other research analysts have also weighed in on WMT. UBS AG restated a “neutral” rating and issued a $80.00 price objective (up previously from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 14th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average price target of $80.25.
Shares of Wal-Mart Stores (NYSE WMT) opened at 80.38 on Friday. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99. The company has a market cap of $241.78 billion, a PE ratio of 19.31 and a beta of 0.30. The company has a 50-day moving average of $79.86 and a 200 day moving average of $76.06.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. On average, analysts anticipate that Wal-Mart Stores will post $4.38 earnings per share for the current year.
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In related news, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares in the company, valued at $804,288,343.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The disclosure for this sale can be found here. Insiders sold a total of 7,948,971 shares of company stock valued at $628,583,326 in the last quarter. Company insiders own 51.39% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Ropes Wealth Advisors LLC lifted its stake in Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after purchasing an additional 1,039 shares during the last quarter. Security National Bank of SO Dak lifted its stake in Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after purchasing an additional 386 shares during the last quarter. First Personal Financial Services lifted its stake in Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after purchasing an additional 3,434 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in Wal-Mart Stores by 1.5% during the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock worth $10,500,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in Wal-Mart Stores by 4.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after purchasing an additional 31,436 shares during the last quarter. Hedge funds and other institutional investors own 30.21% 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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