Wal-Mart Stores Inc. (NYSE:WMT) had its price target reduced by BMO Capital Markets to $63.00 in a research note published on Tuesday.

Several other research analysts also recently weighed in on the stock. Macquarie set a $61.00 price target on shares of Wal-Mart Stores and gave the stock a neutral rating in a research report on Tuesday, October 4th. Guggenheim started coverage on shares of Wal-Mart Stores in a research report on Friday, September 30th. They issued a buy rating and a $82.00 price target on the stock. Zacks Investment Research downgraded shares of Wal-Mart Stores from a buy rating to a hold rating in a research report on Wednesday, August 24th. Morgan Stanley set a $73.00 price target on shares of Wal-Mart Stores and gave the stock a neutral rating in a research report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 price target on shares of Wal-Mart Stores and gave the stock a hold rating in a research report on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Wal-Mart Stores has a consensus rating of Hold and a consensus price target of $74.93.

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

Shares of Wal-Mart Stores (NYSE:WMT) opened at 67.39 on Tuesday. The stock’s 50 day moving average is $71.48 and its 200-day moving average is $70.97. Wal-Mart Stores has a 12-month low of $56.30 and a 12-month high of $75.19. The company has a market capitalization of $208.45 billion, a P/E ratio of 14.51 and a beta of 0.20.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The company had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Analysts anticipate that Wal-Mart Stores will post $4.34 earnings per share for the current year.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the transaction, the insider now directly owns 10,507,127 shares in the company, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Piershale Financial Group Inc. increased its position 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 during the period. Gemmer Asset Management LLC increased its position 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 worth $212,000 after buying an additional 11 shares during the last quarter. Bangor Savings Bank increased its position 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 worth $218,000 after buying an additional 20 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position 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 worth $586,000 after buying an additional 23 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. increased its position 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 worth $562,000 after buying an additional 28 shares during the last quarter. 29.55% of the stock is currently 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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