Wal-Mart Stores, Inc. (WMT) Earns Buy Rating from Oppenheimer Holdings, Inc.
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Friday. They presently have a $90.00 price objective on the retailer’s stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 13.48% from the stock’s previous close. Oppenheimer Holdings also issued estimates for Wal-Mart Stores’ Q3 2018 earnings at $0.96 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.01 EPS and Q4 2019 earnings at $1.39 EPS.
WMT has been the subject of a number of other reports. Vetr downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price target for the company. in a research note on Monday, June 19th. Jefferies Group LLC boosted their price target on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Royal Bank Of Canada reissued a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, May 2nd. BidaskClub downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $80.13.
Shares of Wal-Mart Stores (WMT) traded down 0.49% during trading on Friday, reaching $79.31. 9,752,957 shares of the company’s stock were exchanged. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a market capitalization of $238.56 billion, a PE ratio of 19.06 and a beta of 0.29. The company has a 50 day moving average price of $78.09 and a 200-day moving average price of $74.64.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same period in the prior year, the business earned $1.07 earnings per share. Wal-Mart Stores’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Wal-Mart Stores will post $4.38 earnings per share for the current year.
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In related news, Director S Robson Walton sold 1,618,300 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $268,332,370.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,001,578 shares of company stock worth $1,815,723,535. 51.39% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in WMT. Winfield Associates Inc. raised its position in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares in the last quarter. Asset Planning Services Ltd. raised its position in 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 in the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares in the last quarter. 30.00% 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 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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