Wal-Mart Stores Inc. (WMT) Earns “Neutral” Rating from Citigroup Inc.
Several other equities analysts have also commented on the stock. Guggenheim started coverage on shares of Wal-Mart Stores in a research note on Friday, September 30th. They issued a buy rating and a $82.00 price target on the stock. KeyCorp started coverage on shares of Wal-Mart Stores in a research note on Thursday, September 29th. They issued an overweight rating and a $90.00 price target on the stock. Buckingham Research set a $70.00 price target on shares of Wal-Mart Stores and gave the company a hold rating in a research note on Wednesday, September 28th. Barclays PLC upgraded shares of Wal-Mart Stores from an equal weight rating to an overweight rating and increased their price target for the company from $70.00 to $87.00 in a research note on Thursday, September 22nd. Finally, Vetr upgraded shares of Wal-Mart Stores from a hold rating to a buy rating and set a $75.98 price target on the stock in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of Hold and a consensus target price of $75.56.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 71.67 on Monday. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The firm has a market capitalization of $221.69 billion, a PE ratio of 15.43 and a beta of 0.20. The company has a 50-day moving average of $72.03 and a 200-day moving average of $70.95.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Wal-Mart Stores will post $4.35 EPS for the current fiscal year.
In other news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $488,664,677.80. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in WMT. Vigilant Capital Management LLC raised its position in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Wal-Mart Stores during the second quarter valued at approximately $100,000. Americafirst Capital Management LLC bought a new position in Wal-Mart Stores during the second quarter valued at approximately $106,000. Seven Eight Capital LLC bought a new position in Wal-Mart Stores during the second quarter valued at approximately $111,000. Finally, Piershale Financial Group Inc. raised its position in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the period. 29.55% of the stock is currently owned by institutional investors and hedge funds.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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