Wal-Mart Stores, Inc. (WMT) PT Set at $100.00 by KeyCorp
A number of other brokerages have also recently commented on WMT. Barclays PLC set a $100.00 target price on Wal-Mart Stores and gave the company a buy rating in a report on Monday. Royal Bank Of Canada set a $83.00 target price on Wal-Mart Stores and gave the company a sell rating in a report on Friday, November 10th. UBS AG set a $91.00 target price on Wal-Mart Stores and gave the company a neutral rating in a report on Friday, November 10th. Robert W. Baird reissued an outperform rating and set a $95.00 target price (up previously from $90.00) on shares of Wal-Mart Stores in a report on Thursday, November 9th. Finally, Morgan Stanley set a $90.00 target price on Wal-Mart Stores and gave the company a neutral rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $89.27.
Wal-Mart Stores (NYSE:WMT) opened at $98.52 on Monday. Wal-Mart Stores has a fifty-two week low of $65.28 and a fifty-two week high of $99.68. The company has a market capitalization of $268,340.38, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.34. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 9.20% and a net margin of 1.55%. The business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that Wal-Mart Stores will post 4.38 EPS for the current fiscal year.
Wal-Mart Stores announced that its board has authorized a share buyback plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 775,958 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.24, for a total value of $62,262,869.92. Following the sale, the insider now directly owns 10,507,224 shares in the company, valued at $843,099,653.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director S Robson Walton sold 646,330 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the sale, the director now owns 3,344,956 shares in the company, valued at $268,265,471.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Americafirst Capital Management LLC acquired a new stake in Wal-Mart Stores in the third quarter valued at $658,000. Gyroscope Capital Management Group LLC increased its position in shares of Wal-Mart Stores by 1,678.6% during the third quarter. Gyroscope Capital Management Group LLC now owns 69,721 shares of the retailer’s stock worth $5,448,000 after purchasing an additional 65,801 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Wal-Mart Stores during the third quarter worth about $278,000. Cetera Investment Advisers increased its position in shares of Wal-Mart Stores by 17.5% during the third quarter. Cetera Investment Advisers now owns 25,474 shares of the retailer’s stock worth $1,997,000 after purchasing an additional 3,789 shares in the last quarter. Finally, Yellowstone Partners LLC acquired a new stake in shares of Wal-Mart Stores during the third quarter worth about $302,000. 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.
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