BMO Capital Markets Reiterates “Underperform” Rating for Wal-Mart Stores, Inc. (WMT)
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “underperform” rating reiterated by BMO Capital Markets in a research note issued on Wednesday. They presently have a $63.00 target price on the retailer’s stock. BMO Capital Markets’ price objective points to a potential downside of 8.52% from the company’s current price.
A number of other research firms also recently issued reports on WMT. Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 price objective on the stock. in a research note on Tuesday, December 13th. Instinet reaffirmed a “neutral” rating and issued a $81.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, December 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $82.00 price objective on shares of Wal-Mart Stores in a research note on Sunday, November 13th. Zacks Investment Research raised Wal-Mart Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of Wal-Mart Stores in a research note on Wednesday, December 28th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.41.
Wal-Mart Stores (NYSE:WMT) opened at 68.87 on Wednesday. The firm’s 50-day moving average price is $67.75 and its 200 day moving average price is $70.24. The stock has a market cap of $211.65 billion, a price-to-earnings ratio of 14.94 and a beta of 0.09. Wal-Mart Stores has a 12 month low of $62.72 and a 12 month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business had revenue of $118.20 billion for the quarter, compared to the consensus estimate of $118.69 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Wal-Mart Stores will post $4.32 earnings per share for the current year.
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In related news, CEO C Douglas Mcmillon sold 75,063 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $69.08, for a total transaction of $5,185,352.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the company’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $68.32, for a total value of $2,210,152.00. Following the sale, the insider now owns 245,328 shares of the company’s stock, valued at $16,760,808.96. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
Large investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Wal-Mart Stores during the third quarter worth $104,000. BKS Advisors LLC bought a new stake in shares of Wal-Mart Stores during the third quarter worth $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares during the period. Piershale Financial Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares during the period. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in shares of Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock worth $118,000 after buying an additional 351 shares during the period. Hedge funds and other institutional investors own 29.69% 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 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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