Goldman Sachs Group Inc. set a $73.00 target price on Wal-Mart Stores Inc. (NYSE:WMT) in a research report released on Wednesday morning. The firm currently has a a neutral rating on the retailer’s stock.

A number of other analysts have also weighed in on the company. Credit Suisse Group AG restated an outperform rating and issued a $80.00 target price on shares of Wal-Mart Stores in a research note on Wednesday. Jefferies Group restated a buy rating and issued a $86.00 target price on shares of Wal-Mart Stores in a research note on Tuesday. JPMorgan Chase & Co. set a $75.00 target price on Wal-Mart Stores and gave the company a neutral rating in a research note on Tuesday. Macquarie set a $61.00 target price on Wal-Mart Stores and gave the company a neutral rating in a research note on Tuesday. Finally, Citigroup Inc. restated a neutral rating on shares of Wal-Mart Stores in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores currently has an average rating of Hold and a consensus price target of $75.56.

Wal-Mart Stores (NYSE:WMT) traded down 2.22% during mid-day trading on Wednesday, reaching $70.08. The company’s stock had a trading volume of 11,686,141 shares. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The stock’s 50 day moving average is $72.03 and its 200 day moving average is $70.95. The company has a market cap of $216.78 billion, a price-to-earnings ratio of 15.09 and a beta of 0.20.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts predict that Wal-Mart Stores will post $4.35 EPS for the current year.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,100,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Piershale Financial Group Inc. increased its stake in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Gemmer Asset Management LLC increased its stake in Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock worth $212,000 after buying an additional 11 shares in the last quarter. Bangor Savings Bank increased its stake in Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock worth $218,000 after buying an additional 20 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in Wal-Mart Stores by 0.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,023 shares of the retailer’s stock worth $586,000 after buying an additional 23 shares in the last quarter. Finally, Shinko Asset Management Co. Ltd. increased its stake in Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock worth $562,000 after buying an additional 28 shares in the last quarter. 29.55% of the stock is owned by institutional investors and hedge funds.

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 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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