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.

ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/19/wal-mart-stores-inc-wmt-earns-buy-rating-from-oppenheimer-holdings-inc.html.

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.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.