Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores, Inc. (NYSE:WMT) in a report published on Wednesday, July 26th. The firm currently has a buy rating on the retailer’s stock.
WMT has been the subject of a number of other reports. Vetr cut Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 price objective for the company. in a research note on Monday, June 19th. Royal Bank Of Canada restated a sell rating and set a $67.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, May 2nd. Jefferies Group LLC upped their price objective on Wal-Mart Stores from $86.00 to $88.00 and gave the stock a buy rating in a research note on Friday, May 12th. BidaskClub lowered Wal-Mart Stores from a strong-buy rating to a buy rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley set a $77.00 target price on Wal-Mart Stores and gave the company a neutral rating in a research report on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $79.40.
Shares of Wal-Mart Stores (NYSE WMT) traded down 0.32% during trading on Wednesday, hitting $80.40. The stock had a trading volume of 7,905,495 shares. The company has a market cap of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. The stock has a 50-day moving average price of $77.44 and a 200 day moving average price of $74.15. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Equities analysts expect that Wal-Mart Stores will post $4.36 EPS for the current fiscal year.
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In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,221,265 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $79.54, for a total transaction of $256,219,418.10. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $536,782,053.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of WMT. Hudock Capital Group LLC boosted its stake in Wal-Mart Stores by 0.4% in the second 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 during the period. Gemmer Asset Management LLC boosted its stake in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after buying an additional 10 shares during the period. Asset Planning Services Ltd. boosted its stake 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 during the period. Wellington Shields & Co. LLC boosted its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after buying an additional 15 shares during the period. Finally, Alexandria Capital LLC boosted its stake in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares during the period. 30.09% of the stock is owned by institutional investors.
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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