Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “market perform” rating reaffirmed by research analysts at Wells Fargo & Company in a research note issued to investors on Tuesday.

Several other equities research analysts have also recently commented on WMT. Bank of America Corporation reaffirmed a “buy” rating and set a $88.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, March 14th. Zacks Investment Research raised Wal-Mart Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 target price for the company in a research note on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $86.00 target price on shares of Wal-Mart Stores in a research note on Friday, April 7th. Finally, Telsey Advisory Group raised Wal-Mart Stores from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $73.00 to $82.00 in a research note on Friday, April 7th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $77.93.

Wal-Mart Stores (NYSE WMT) opened at 75.50 on Tuesday. The firm’s 50-day moving average price is $77.62 and its 200 day moving average price is $72.14. Wal-Mart Stores has a one year low of $65.28 and a one year high of $80.47. The firm has a market cap of $227.59 billion, a P/E ratio of 17.14 and a beta of 0.30.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Wal-Mart Stores will post $4.36 EPS for the current year.

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In other Wal-Mart Stores news, insider David Chojnowski sold 5,142 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,980,991 shares of company stock worth $1,814,159,476. Corporate insiders own 51.39% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the last quarter. Glassman Wealth Services raised its stake in shares of Wal-Mart Stores by 68.3% in the first quarter. Glassman Wealth Services now owns 1,471 shares of the retailer’s stock valued at $106,000 after buying an additional 597 shares during the last quarter. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 valued at $114,000 after buying an additional 112,511 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Wal-Mart Stores by 187.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,620 shares of the retailer’s stock valued at $117,000 after buying an additional 1,056 shares during the last quarter. Hedge funds and other institutional investors own 30.14% 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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