Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “underperform” rating reaffirmed by analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $77.00 price objective on the retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 8.47% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Telsey Advisory Group lifted their price objective on shares of Wal-Mart Stores from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp reiterated an “overweight” rating and set a $100.00 price objective (up from $90.00) on shares of Wal-Mart Stores in a research report on Wednesday. Jefferies Group LLC lifted their price objective on shares of Wal-Mart Stores to $97.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America Corporation lifted their price objective on shares of Wal-Mart Stores from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Wal-Mart Stores in a research report on Tuesday. They set a “buy” rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price of $82.71.

Shares of Wal-Mart Stores (WMT) opened at 84.13 on Wednesday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $84.88. The firm has a market cap of $251.31 billion, a PE ratio of 20.21 and a beta of 0.29. The firm’s 50-day moving average price is $79.46 and its 200-day moving average price is $77.32.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations 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 was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. 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, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at $268,265,471.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. Following the transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock valued at $785,676,492 in the last ninety days. 51.39% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Winfield Associates Inc. raised its position in shares of Wal-Mart Stores by 5.8% during 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 during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% during 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 during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% during 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 during the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Wal-Mart Stores by 456.9% during 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 during the last quarter. Finally, Paragon Capital Management Ltd acquired a new position in shares of Wal-Mart Stores during the first quarter valued at about $201,000. 30.19% of the stock is owned by institutional investors and hedge funds.

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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