Shares of Wal-Mart Stores Inc (NYSE:WMT) have earned a consensus rating of “Buy” from the thirty-seven brokerages that are currently covering the company, Marketbeat.com reports. Nineteen analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $99.14.
A number of equities research analysts have weighed in on WMT shares. KeyCorp set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group lifted their price target on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Bank of America set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Oppenheimer began coverage on shares of Wal-Mart Stores in a research note on Tuesday, October 10th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Thursday, October 12th.
Shares of Wal-Mart Stores (NYSE WMT) opened at $105.45 on Tuesday. Wal-Mart Stores has a 52 week low of $65.28 and a 52 week high of $105.45. 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 cap of $312,380.00, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 4.14 and a beta of 0.37.
Wal-Mart Stores declared that its board has initiated a share buyback plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the transaction, the director now directly owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock valued at $1,207,333,538 over the last ninety days. 51.39% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares during the last quarter. Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares during the last quarter. 30.53% of the stock is owned by hedge funds and other institutional investors.
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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.
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