Wal-Mart Stores, Inc. (NYSE:WMT) received a $100.00 price objective from equities research analysts at KeyCorp in a report released on Wednesday. The firm currently has a “buy” rating on the retailer’s stock. KeyCorp’s price target would indicate a potential upside of 16.65% from the stock’s current price. KeyCorp also issued estimates for Wal-Mart Stores’ Q1 2019 earnings at $1.05 EPS, Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $4.64 EPS.

Several other brokerages have also issued reports on WMT. BidaskClub upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Morningstar, Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. Vetr lowered shares of 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 shares of 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 reiterated a “hold” rating and issued a $81.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.11.

Wal-Mart Stores (NYSE WMT) traded up 0.449% during trading on Wednesday, hitting $86.115. 7,502,876 shares of the stock traded hands. The stock has a market cap of $257.24 billion, a PE ratio of 20.691 and a beta of 0.29. The company has a 50-day moving average price of $79.62 and a 200-day moving average price of $77.38. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $86.37.

Wal-Mart Stores (NYSE:WMT) last issued 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. The company had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. Equities research analysts expect that Wal-Mart Stores will post $4.37 EPS for the current year.

Wal-Mart Stores announced that its board has approved a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the sale, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 1,586 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the sale, the insider now owns 21,125 shares in the company, valued at approximately $1,668,875. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services raised its stake in Wal-Mart Stores by 18.5% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 35,126 shares of the retailer’s stock worth $2,745,000 after acquiring an additional 5,494 shares during the period. Fulton Bank N.A. raised its stake in Wal-Mart Stores by 8.8% during the 3rd quarter. Fulton Bank N.A. now owns 20,510 shares of the retailer’s stock worth $1,602,000 after acquiring an additional 1,652 shares during the period. Eqis Capital Management Inc. raised its stake in Wal-Mart Stores by 4.4% during the 3rd quarter. Eqis Capital Management Inc. now owns 20,752 shares of the retailer’s stock worth $1,622,000 after acquiring an additional 872 shares during the period. Perpetual Ltd raised its stake in Wal-Mart Stores by 6.5% during the 2nd quarter. Perpetual Ltd now owns 14,852 shares of the retailer’s stock worth $1,124,000 after acquiring an additional 900 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in Wal-Mart Stores during the 2nd quarter worth approximately $185,000. Institutional investors own 30.19% 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.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

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