Wal-Mart Stores, Inc. (WMT) Downgraded by BidaskClub to “Hold”
BidaskClub downgraded shares of Wal-Mart Stores, Inc. (NYSE:WMT) from a buy rating to a hold rating in a research report report published on Wednesday morning.
Other analysts have also recently issued research reports about the company. Vetr cut Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 price objective on the stock. in a report on Monday, June 19th. Royal Bank Of Canada reissued a sell rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Jefferies Group LLC increased their price objective on Wal-Mart Stores from $86.00 to $88.00 and gave the stock a buy rating in a report on Friday, May 12th. Morgan Stanley set a $77.00 price objective on Wal-Mart Stores and gave the stock a neutral rating in a report on Monday, May 29th. Finally, Pacific Crest cut Wal-Mart Stores to a hold rating in a report on Sunday, April 30th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the stock. Wal-Mart Stores has an average rating of Hold and a consensus price target of $78.11.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 76.37 on Wednesday. The firm has a market cap of $230.22 billion, a P/E ratio of 17.34 and a beta of 0.28. The stock’s 50 day moving average price is $77.53 and its 200-day moving average price is $72.40. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $80.47.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores will post $4.36 earnings per share for the current fiscal year.
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In other Wal-Mart Stores news, Director S Robson Walton sold 1,618,300 shares of Wal-Mart Stores stock in a transaction on Monday, June 5th. The stock was sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the transaction, the director now owns 3,344,956 shares in the company, valued at $268,332,370.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dodge & Cox bought a new position in shares of Wal-Mart Stores during the fourth quarter worth about $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Wal-Mart Stores during the fourth quarter worth about $274,739,000. Asset Management One Co. Ltd. boosted its position in shares of Wal-Mart Stores by 1,177.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,744,769 shares of the retailer’s stock worth $189,747,000 after buying an additional 2,529,880 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Wal-Mart Stores by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 8,810,593 shares of the retailer’s stock worth $608,988,000 after buying an additional 1,689,794 shares during the last quarter. Institutional investors and hedge funds own 30.15% 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.
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