Goldman Sachs Group, Inc. (The) set a $84.00 price target on Wal-Mart Stores, Inc. (NYSE:WMT) in a report published on Wednesday, July 26th. The brokerage currently has a buy rating on the retailer’s stock.
WMT has been the topic of several other reports. Gordon Haskett initiated coverage on Wal-Mart Stores in a research report on Tuesday, May 9th. They set a buy rating and a $90.00 target price on the stock. Robert W. Baird set a $85.00 target price on Wal-Mart Stores and gave the company a buy rating in a research report on Wednesday, May 31st. Deutsche Bank AG upped their target price on Wal-Mart Stores from $71.00 to $81.00 and gave the company a hold rating in a research report on Monday, May 8th. Vetr lowered Wal-Mart Stores from a buy rating to a hold rating and set a $79.40 price objective on the stock. in a report on Monday, May 8th. Finally, Telsey Advisory Group raised Wal-Mart Stores from a market perform rating to an outperform rating and increased their price objective for the company from $73.00 to $82.00 in a report on Friday, April 7th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $79.40.
Shares of Wal-Mart Stores (NYSE WMT) traded down 0.32% during mid-day trading on Wednesday, reaching $80.40. The company had a trading volume of 7,905,495 shares. The stock has a market capitalization of $242.37 billion, a price-to-earnings ratio of 18.26 and a beta of 0.29. The firm 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 1-year low of $65.28 and a 1-year high of $81.99.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Wal-Mart Stores will post $4.36 earnings per share for the current year.
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In related news, major shareholder Jim C. Walton sold 3,278,735 shares of Wal-Mart Stores stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the transaction, the insider now directly owns 10,507,224 shares in the company, valued at $830,070,696. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 1,322 shares of Wal-Mart Stores stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total value of $104,107.50. Following the completion of the transaction, the insider now owns 23,854 shares of the company’s stock, valued at $1,878,502.50. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock valued at $1,816,131,604 over the last ninety days. Insiders own 51.39% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. increased its stake in shares of Wal-Mart Stores by 6.8% in the fourth quarter. First Republic Investment Management Inc. now owns 365,281 shares of the retailer’s stock worth $25,248,000 after buying an additional 23,174 shares during the period. Intellectus Partners LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth about $1,339,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth about $506,000. Janus Capital Management LLC increased its stake in shares of Wal-Mart Stores by 4.9% in the fourth quarter. Janus Capital Management LLC now owns 752,776 shares of the retailer’s stock worth $52,032,000 after buying an additional 35,043 shares during the period. Finally, Highfields Capital Management LP acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth about $69,120,000. 30.09% of the stock is owned by institutional investors.
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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