Wal-Mart Stores Inc. (NYSE:WMT) fell 1.2% on Monday after Royal Bank Of Canada lowered their price target on the stock from $76.00 to $75.00. Royal Bank Of Canada currently has an underperform rating on the stock. Wal-Mart Stores traded as low as $67.75 and last traded at $67.90, with a volume of 4,902,046 shares changing hands. The stock had previously closed at $68.70.

Several other research firms have also commented on WMT. Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Telsey Advisory Group upped their price target on shares of Wal-Mart Stores from $71.00 to $78.00 and gave the company a “market perform” rating in a report on Friday, August 19th. Morgan Stanley set a $76.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, August 19th. Nomura set a $81.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday, August 19th. Finally, Stephens set a $73.00 target price on shares of Wal-Mart Stores and gave the stock a “hold” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.29.

In related news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction on Monday, August 29th. The shares were sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the sale, the insider now owns 6,748,580 shares in the company, 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.

A number of large investors have recently made changes to their positions in the company. Piershale Financial Group Inc. raised its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares in the last quarter. Gemmer Asset Management LLC raised its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock valued at $212,000 after buying an additional 11 shares in the last quarter. Bangor Savings Bank raised its stake in shares of Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock valued at $218,000 after buying an additional 20 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of 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 valued at $586,000 after buying an additional 23 shares in the last quarter. Finally, Shinko Asset Management Co. Ltd. raised its stake in shares of 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 valued at $562,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 29.55% of the company’s stock.

The company has a 50 day moving average of $71.63 and a 200 day moving average of $70.99. The company has a market cap of $210.28 billion, a PE ratio of 14.64 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 net margin of 3.04% and a return on equity of 17.93%. The company earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Wal-Mart Stores’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts predict that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.

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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