KeyCorp Analysts Give Wal-Mart Stores Inc. (WMT) a $90.00 Price Target
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $90.00 price objective by investment analysts at KeyCorp in a report issued on Friday. The firm currently has a a “buy” rating on the retailer’s stock. KeyCorp’s target price points to a potential upside of 29.76% from the stock’s current price.
Several other research analysts have also recently issued reports on WMT. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price objective for the company in a research report on Monday, June 13th. Nomura reaffirmed a “buy” rating and set a $81.00 price objective on shares of Wal-Mart Stores in a research report on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Wednesday, June 22nd. Bank of America Corp. reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Wal-Mart Stores in a research report on Saturday, June 25th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.59.
Wal-Mart Stores (NYSE:WMT) traded down 0.74% during midday trading on Friday, reaching $68.85. The company’s stock had a trading volume of 10,192,592 shares. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The stock’s 50-day moving average price is $71.93 and its 200 day moving average price is $70.94. The firm has a market capitalization of $212.97 billion, a PE ratio of 14.82 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $119.33 billion. During the same period in the previous year, the firm posted $1.08 EPS. Wal-Mart Stores’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Lawson Kroeker Investment Management Inc. NE raised its position in Wal-Mart Stores by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 106,061 shares of the retailer’s stock valued at $7,649,000 after buying an additional 570 shares during the period. Oliver Luxxe Assets LLC bought a new position in Wal-Mart Stores during the third quarter valued at approximately $1,878,000. Bremer Trust National Association raised its position in Wal-Mart Stores by 1.9% in the third quarter. Bremer Trust National Association now owns 13,577 shares of the retailer’s stock valued at $979,000 after buying an additional 253 shares during the period. First American Bank raised its position in Wal-Mart Stores by 3.3% in the third quarter. First American Bank now owns 36,813 shares of the retailer’s stock valued at $2,654,000 after buying an additional 1,176 shares during the period. Finally, Independence Advisors LLC raised its position in Wal-Mart Stores by 5.9% in the third quarter. Independence Advisors LLC now owns 4,108 shares of the retailer’s stock valued at $296,000 after buying an additional 228 shares during the period. 29.55% of the stock is currently 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 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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