Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating restated by equities research analysts at KeyCorp in a research report issued on Tuesday. They presently have a $90.00 price target on the retailer’s stock. KeyCorp’s price objective indicates a potential upside of 12.50% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, May 29th. Robert W. Baird set a $85.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.17 price objective for the company in a research report on Wednesday, June 7th. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $80.25.
Shares of Wal-Mart Stores (NYSE WMT) traded down 0.04% during trading on Tuesday, hitting $79.97. The company’s stock had a trading volume of 2,927,266 shares. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The company has a 50-day moving average price of $79.87 and a 200-day moving average price of $76.21. The stock has a market cap of $240.55 billion, a PE ratio of 19.21 and a beta of 0.30. Wal-Mart Stores also was the target of unusually large options trading on Monday. Investors bought 5,107 put options on the stock. This is an increase of approximately 351% compared to the typical daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. Equities analysts predict that Wal-Mart Stores will post $4.38 EPS for the current fiscal year.
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In related news, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Insiders have sold 7,948,971 shares of company stock valued at $628,583,326 over the last 90 days. 51.39% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of WMT. Ropes Wealth Advisors LLC raised its holdings in shares of Wal-Mart Stores by 4.6% during the 1st quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after purchasing an additional 1,039 shares in the last quarter. Security National Bank of SO Dak raised its holdings in shares of Wal-Mart Stores by 2.6% during the 1st quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after purchasing an additional 386 shares in the last quarter. First Personal Financial Services raised its holdings in shares of Wal-Mart Stores by 5.0% during the 1st quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after purchasing an additional 3,434 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in shares of Wal-Mart Stores by 1.5% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after purchasing an additional 1,994 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in shares of Wal-Mart Stores by 4.0% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after purchasing an additional 31,436 shares in the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.
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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