J P Morgan Chase & Co Reiterates Neutral Rating for Wal-Mart Stores, Inc. (WMT)

Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “neutral” rating restated by analysts at J P Morgan Chase & Co in a report released on Friday. They currently have a $84.00 price target on the retailer’s stock, up from their prior price target of $80.00. J P Morgan Chase & Co’s price target would suggest a potential upside of 6.33% from the stock’s current price.

Several other analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) set a $84.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Wal-Mart Stores in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.58.

Shares of Wal-Mart Stores (WMT) opened at 79.00 on Friday. The firm has a market cap of $235.99 billion, a PE ratio of 18.98 and a beta of 0.29. Wal-Mart Stores has a 52 week low of $65.28 and a 52 week high of $81.99. The firm has a 50-day moving average of $79.30 and a 200-day moving average of $77.04.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. On average, analysts expect that Wal-Mart Stores will post $4.37 EPS for the current 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 transaction, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 1,586 shares of the company’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 completion of the transaction, the insider now owns 21,125 shares in the company, valued at $1,668,875. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC increased its position in shares of Wal-Mart Stores by 0.4% in the second 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. Gemmer Asset Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after purchasing an additional 10 shares during the last quarter. Wellington Shields & Co. LLC increased its position in shares of Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after purchasing an additional 15 shares during the last quarter. Sterneck Capital Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after purchasing an additional 22 shares during the last quarter. Finally, LLBH Private Wealth Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after purchasing an additional 24 shares during the last quarter. Institutional investors 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.

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

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