Wal-Mart Stores (WMT) PT Set at $100.00 by UBS Group

Wal-Mart Stores (NYSE:WMT) has been given a $100.00 price target by analysts at UBS Group in a note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the retailer’s stock. UBS Group’s price target would suggest a potential upside of 0.55% from the stock’s current price.

Several other equities analysts have also issued reports on WMT. Robert W. Baird set a $90.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Jefferies Group boosted their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $96.45.

Wal-Mart Stores (NYSE:WMT) traded up $0.86 during trading on Thursday, hitting $99.45. The company had a trading volume of 8,902,899 shares, compared to its average volume of 9,526,650. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The firm has a market capitalization of $295,200.00, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.63 and a beta of 0.37. Wal-Mart Stores has a one year low of $65.28 and a one year high of $100.13.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. analysts predict that Wal-Mart Stores will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its board has approved a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the completion of the sale, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last quarter. 51.39% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in WMT. Summit Financial Group Inc. bought a new position in Wal-Mart Stores in the 4th quarter valued at $232,000. McQueen Ball & Associates Inc. bought a new position in Wal-Mart Stores in the 4th quarter valued at $216,000. Atlantic Trust Group LLC grew its stake in Wal-Mart Stores by 5.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 287,144 shares of the retailer’s stock valued at $22,437,000 after purchasing an additional 15,636 shares during the period. Parametric Portfolio Associates LLC grew its stake in Wal-Mart Stores by 4.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 4,998,556 shares of the retailer’s stock valued at $390,587,000 after purchasing an additional 220,069 shares during the period. Finally, AXA grew its stake in Wal-Mart Stores by 2.7% in the 3rd quarter. AXA now owns 549,292 shares of the retailer’s stock valued at $42,921,000 after purchasing an additional 14,636 shares during the period. Institutional investors and hedge funds own 30.58% of the company’s stock.

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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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