Wal-Mart Stores Inc. (WMT) Given a $61.00 Price Target by Macquarie Analysts
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $61.00 price target by equities researchers at Macquarie in a research report issued on Tuesday. The brokerage currently has a a “neutral” rating on the retailer’s stock. Macquarie’s price objective suggests a potential downside of 15.29% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on WMT. Royal Bank Of Canada lifted their price target on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the stock an “underperform” rating in a research note on Friday, August 19th. Jefferies Group set a $85.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Bank of America Corp. reiterated a “neutral” rating and set a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Cowen and Company reiterated a “hold” rating and set a $70.00 price target on shares of Wal-Mart Stores in a research note on Monday, June 6th. Finally, Telsey Advisory Group boosted their target price on shares of Wal-Mart Stores from $71.00 to $78.00 and gave the company a “market perform” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $75.66.
Wal-Mart Stores (NYSE:WMT) traded up 0.340% during trading on Tuesday, reaching $72.255. 1,343,907 shares of the company’s stock traded hands. The firm’s 50 day moving average is $72.11 and its 200-day moving average is $70.91. The company has a market capitalization of $223.50 billion, a price-to-earnings ratio of 15.555 and a beta of 0.20. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Analysts expect that Wal-Mart Stores will post $4.35 EPS for the current fiscal year.
In other news, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the sale, the insider now owns 29,464 shares in the company, valued at approximately $2,105,497.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.
Large investors have recently made changes to their positions in the company. Lincluden Management Ltd. boosted its stake in Wal-Mart Stores by 8.7% in the first quarter. Lincluden Management Ltd. now owns 42,908 shares of the retailer’s stock worth $2,939,000 after buying an additional 3,450 shares during the period. Legacy Private Trust Co. boosted its stake in Wal-Mart Stores by 36.3% in the first quarter. Legacy Private Trust Co. now owns 11,947 shares of the retailer’s stock worth $818,000 after buying an additional 3,180 shares during the period. Nepsis Capital Management Inc. boosted its stake in Wal-Mart Stores by 48.9% in the first quarter. Nepsis Capital Management Inc. now owns 57,133 shares of the retailer’s stock worth $3,913,000 after buying an additional 18,757 shares during the period. Lodestar Investment Counsel LLC IL boosted its stake in Wal-Mart Stores by 2.0% in the first quarter. Lodestar Investment Counsel LLC IL now owns 114,506 shares of the retailer’s stock worth $7,843,000 after buying an additional 2,291 shares during the period. Finally, Headinvest LLC acquired a new stake in Wal-Mart Stores during the first quarter worth $3,088,000. Institutional investors own 29.55% of the company’s stock.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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