JPMorgan Chase & Co. set a $75.00 price target on Wal-Mart Stores Inc. (NYSE:WMT) in a report published on Tuesday. The firm currently has a a neutral rating on the retailer’s stock.

Other analysts have also issued research reports about the stock. Macquarie set a $61.00 target price on shares of Wal-Mart Stores and gave the stock a neutral rating in a report on Tuesday. Morgan Stanley reissued a hold rating and issued a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, July 12th. Vetr raised shares of Wal-Mart Stores from a hold rating to a buy rating and set a $73.65 price target on the stock in a report on Monday, June 13th. Deutsche Bank AG reissued a hold rating and issued a $70.00 price target on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, MKM Partners reissued a hold rating on shares of Wal-Mart Stores in a report on Monday, June 6th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $75.66.

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

Wal-Mart Stores (NYSE:WMT) opened at 71.75 on Tuesday. The stock’s 50 day moving average is $72.07 and its 200-day moving average is $70.95. The firm has a market cap of $221.94 billion, a price-to-earnings ratio of 15.45 and a beta of 0.20. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19.

Wal-Mart Stores (NYSE:WMT) last posted its 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. The business had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. Wal-Mart Stores’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, equities research analysts expect that Wal-Mart Stores will post $4.35 earnings per share for the current fiscal year.

In related news, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven P. Whaley sold 1,100 shares of the firm’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 completion of the transaction, the insider now directly owns 29,464 shares in the company, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Wal-Mart Stores by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 608,983 shares of the retailer’s stock worth $41,709,000 after buying an additional 24,292 shares during the last quarter. Acadian Asset Management LLC increased its position in Wal-Mart Stores by 12.9% in the second quarter. Acadian Asset Management LLC now owns 3,788,062 shares of the retailer’s stock worth $276,603,000 after buying an additional 431,780 shares during the last quarter. British Columbia Investment Management Corp increased its position in Wal-Mart Stores by 2.1% in the second quarter. British Columbia Investment Management Corp now owns 621,749 shares of the retailer’s stock worth $45,400,000 after buying an additional 13,017 shares during the last quarter. Panagora Asset Management Inc. increased its position in Wal-Mart Stores by 33.7% in the first quarter. Panagora Asset Management Inc. now owns 1,692,255 shares of the retailer’s stock worth $115,903,000 after buying an additional 426,436 shares during the last quarter. Finally, Natixis increased its position in Wal-Mart Stores by 110.1% in the first quarter. Natixis now owns 726,406 shares of the retailer’s stock worth $49,752,000 after buying an additional 380,610 shares during the last quarter. 29.55% of the stock is currently 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 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.

5 Day Chart for NYSE:WMT

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