Royal Bank Of Canada set a $83.00 target price on Wal-Mart Stores, Inc. (NYSE:WMT) in a research report report published on Friday morning. The firm currently has a sell rating on the retailer’s stock.

A number of other equities analysts have also recently commented on WMT. Zacks Investment Research raised shares of Wal-Mart Stores from a hold rating to a buy rating and set a $82.00 price target for the company in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) raised shares of Wal-Mart Stores from a neutral rating to a buy rating and boosted their price objective for the company from $78.00 to $84.00 in a research report on Friday, July 14th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Monday, July 17th. Vetr cut shares of Wal-Mart Stores from a sell rating to a strong sell rating and set a $64.26 price objective for the company. in a research report on Monday, July 17th. Finally, BidaskClub raised shares of Wal-Mart Stores from a hold rating to a buy rating in a research report on Monday, July 31st. Two 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 given a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of Hold and a consensus target price of $86.65.

Shares of Wal-Mart Stores (NYSE:WMT) opened at $90.92 on Friday. Wal-Mart Stores has a fifty-two week low of $65.28 and a fifty-two week high of $91.69. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. The firm has a market cap of $271,596.41, a PE ratio of 20.85, a PEG ratio of 3.39 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts anticipate that Wal-Mart Stores will post 4.37 earnings per share for the current year.

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Wal-Mart Stores announced that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, insider Jacqueline P. Canney sold 1,586 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders sold 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. Company insiders own 51.39% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC increased its position in Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after purchasing an additional 1,039 shares during the last quarter. Security National Bank of SO Dak increased its position in Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after purchasing an additional 386 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in Wal-Mart Stores by 2.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares during the last quarter. First Personal Financial Services increased its position in Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after purchasing an additional 3,434 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in Wal-Mart Stores by 23.1% during the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares during the last quarter. Hedge funds and other institutional investors own 30.12% of the company’s stock.

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)

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