Wal-Mart Stores, Inc. (NYSE:WMT) had its price objective boosted by equities research analysts at Telsey Advisory Group from $88.00 to $92.00 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 9.35% from the company’s current price.

Several other research analysts also recently weighed in on WMT. KeyCorp restated an “overweight” rating and set a $100.00 price objective (up previously from $90.00) on shares of Wal-Mart Stores in a report on Wednesday. J P Morgan Chase & Co restated a “neutral” rating and set a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. Jefferies Group LLC upped their price objective on shares of Wal-Mart Stores to $97.00 and gave the stock a “buy” rating in a report on Wednesday. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Finally, Cowen and Company set a $86.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $82.71.

Wal-Mart Stores (NYSE WMT) opened at 84.13 on Wednesday. The company has a market cap of $251.31 billion, a P/E ratio of 20.21 and a beta of 0.29. The company has a 50-day moving average of $79.46 and a 200-day moving average of $77.32. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $84.88.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. 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 474,042 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director S Robson Walton sold 129,628 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,924,828 shares of company stock worth $785,676,492. Insiders own 51.39% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Winfield Associates Inc. lifted its holdings 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 worth $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings 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 worth $108,000 after buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC lifted its holdings 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 worth $106,000 after buying an additional 696 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings 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 worth $115,000 after buying an additional 1,252 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Wal-Mart Stores in the first quarter worth about $201,000. 30.19% of the stock is currently owned by hedge funds and other institutional investors.

About Wal-Mart Stores

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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