Barclays PLC Reiterates “$82.00” Price Target for Wal-Mart Stores Inc. (WMT)
Other equities research analysts also recently issued reports about the stock. Jefferies Group set a $85.00 price objective on shares of Wal-Mart Stores and gave the stock a buy rating in a research note on Tuesday, August 9th. Nomura reiterated a buy rating and set a $81.00 price objective on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Vetr upgraded shares of Wal-Mart Stores from a hold rating to a buy rating and set a $73.65 price objective for the company in a research note on Monday, June 13th. Finally, Guggenheim initiated coverage on shares of Wal-Mart Stores in a research note on Friday, September 30th. They set a buy rating and a $82.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $74.93.
Wal-Mart Stores (NYSE:WMT) opened at 67.46 on Monday. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19. The stock has a market capitalization of $208.67 billion, a price-to-earnings ratio of 14.52 and a beta of 0.20. The company has a 50-day moving average of $71.35 and a 200-day moving average of $70.94.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. On average, equities analysts forecast that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were 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 in the company, valued at approximately $2,105,497.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the transaction, the insider now owns 10,507,127 shares in the company, valued at $767,230,413.54. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of 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 last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Wal-Mart Stores during the second quarter valued at $100,000. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter valued at $106,000. Seven Eight Capital LLC purchased a new position in Wal-Mart Stores during the second quarter valued at $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 last quarter. Institutional investors own 29.55% of the company’s stock.
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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