KeyCorp reiterated their buy rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research note released on Tuesday. KeyCorp currently has a $90.00 target price on the retailer’s stock.

A number of other brokerages also recently issued reports on WMT. Royal Bank Of Canada set a $76.00 price objective on shares of Wal-Mart Stores and gave the stock a sell rating in a research note on Friday, August 4th. MKM Partners reiterated a neutral rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Citigroup Inc. increased their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a neutral rating in a research note on Tuesday, August 15th. Stephens upgraded shares of Wal-Mart Stores from an equal weight rating to an overweight rating and increased their price objective for the stock from $78.00 to $91.00 in a research note on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a buy rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $80.25.

Wal-Mart Stores (NYSE:WMT) opened at 79.53 on Tuesday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The company has a market capitalization of $237.57 billion, a P/E ratio of 20.29 and a beta of 0.30. The company’s 50-day moving average is $79.87 and its 200 day moving average is $76.28.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. Analysts predict that Wal-Mart Stores will post $4.37 EPS for the current year.

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In related news, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total value of $727,695.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,972,127.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,948,971 shares of company stock valued at $628,583,326. Insiders own 51.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. City Holding Co. grew its position in Wal-Mart Stores by 3.8% in the 1st quarter. City Holding Co. now owns 34,796 shares of the retailer’s stock valued at $2,508,000 after purchasing an additional 1,285 shares during the period. Rothschild Investment Corp IL grew its position in Wal-Mart Stores by 5.1% in the 1st quarter. Rothschild Investment Corp IL now owns 47,114 shares of the retailer’s stock valued at $3,396,000 after purchasing an additional 2,280 shares during the period. State of Alaska Department of Revenue grew its position in Wal-Mart Stores by 3.6% in the 1st quarter. State of Alaska Department of Revenue now owns 258,522 shares of the retailer’s stock valued at $18,632,000 after purchasing an additional 8,965 shares during the period. Hexavest Inc. grew its position in Wal-Mart Stores by 3.4% in the 1st quarter. Hexavest Inc. now owns 2,455,348 shares of the retailer’s stock valued at $176,981,000 after purchasing an additional 80,290 shares during the period. Finally, Motco grew its position in Wal-Mart Stores by 0.7% in the 1st quarter. Motco now owns 42,869 shares of the retailer’s stock valued at $3,090,000 after purchasing an additional 310 shares during the period. 30.19% of the stock is owned by institutional investors and hedge funds.

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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