Wal-Mart Stores Inc. (WMT) Receives Average Rating of “Hold” from Brokerages
Wal-Mart Stores Inc. (NYSE:WMT) has received a consensus recommendation of “Hold” from the thirty-three brokerages that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $75.88.
WMT has been the topic of several analyst reports. KeyCorp initiated coverage on shares of Wal-Mart Stores in a research note on Thursday, September 29th. They set an “overweight” rating and a $90.00 price target on the stock. Credit Suisse Group AG initiated coverage on shares of Wal-Mart Stores in a research note on Friday, September 16th. They set an “outperform” rating and a $80.00 price target on the stock. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Guggenheim started coverage on shares of Wal-Mart Stores in a research note on Friday, September 30th. They set a “buy” rating and a $82.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $72.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Monday.
In other news, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s 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 completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.
Several large investors have recently modified their holdings of WMT. Vigilant Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. boosted 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 worth $117,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.30% during midday trading on Wednesday, reaching $67.59. 3,656,290 shares of the company traded hands. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The company’s 50 day moving average is $71.48 and its 200-day moving average is $70.97. The stock has a market capitalization of $209.07 billion, a price-to-earnings ratio of 14.55 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast that Wal-Mart Stores 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.
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