Vetr upgraded shares of Wal-Mart Stores (NYSE:WMT) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Vetr currently has $104.38 price target on the retailer’s stock.

Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Wal-Mart Stores from a buy rating to a hold rating in a research report on Saturday, January 6th. Royal Bank of Canada set a $106.00 price objective on shares of Wal-Mart Stores and gave the company a neutral rating in a research report on Friday, January 5th. UBS Group set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a neutral rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of Wal-Mart Stores from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reiterated a buy rating and set a $85.00 price objective on shares of Wal-Mart Stores in a research report on Sunday, September 17th. Eighteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of Buy and a consensus price target of $98.46.

Wal-Mart Stores (WMT) opened at $100.87 on Wednesday. The firm has a market cap of $298,820.00, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.68 and a beta of 0.37. Wal-Mart Stores has a 52 week low of $65.28 and a 52 week high of $102.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. equities analysts predict that Wal-Mart Stores will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores announced that its board has initiated a stock buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last quarter. 51.39% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Winfield Associates Inc. lifted its holdings in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in Wal-Mart Stores by 3.3% during the 2nd 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. Thompson Davis & CO. Inc. lifted its holdings in Wal-Mart Stores by 456.9% during the 2nd 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. Hudock Capital Group LLC lifted its holdings in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC lifted its holdings in Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares in the last quarter. Institutional investors own 30.58% of the company’s stock.

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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.

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

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