Wal-Mart Stores, Inc. (NYSE:WMT) received a $100.00 price target from research analysts at Bank of America Corporation in a report issued on Tuesday. The firm currently has a “buy” rating on the retailer’s stock. Bank of America Corporation’s price target suggests a potential upside of 18.86% from the stock’s previous close.

Several other research firms have also recently issued reports on WMT. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Morningstar, Inc. reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. Vetr cut Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price target for the company. in a research note on Monday, July 17th. Citigroup Inc. increased their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $81.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, June 13th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average target price of $82.91.

Shares of Wal-Mart Stores (NYSE:WMT) opened at 84.13 on Tuesday. The firm has a market cap of $251.31 billion, a P/E ratio of 20.21 and a beta of 0.29. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $84.88. The firm has a 50-day moving average price of $79.46 and a 200-day moving average price of $77.32.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Wal-Mart Stores will post $4.38 earnings per share for the current fiscal year.

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In other news, major shareholder Alice L. Walton sold 2,000,000 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 646,330 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last ninety days. Company insiders own 51.39% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of WMT. FMR LLC increased its holdings in shares of Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Wal-Mart Stores by 161.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after acquiring an additional 2,035,800 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Wal-Mart Stores by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Wal-Mart Stores during the 1st quarter valued at about $111,777,000. 30.19% of the stock is currently owned by institutional investors and hedge funds.

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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