Wal-Mart Stores Inc. (NYSE:WMT) had its price objective lowered by investment analysts at Telsey Advisory Group from $76.00 to $73.00 in a report issued on Friday. The firm presently has a “market perform” rating on the retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 5.51% from the stock’s current price.

A number of other brokerages have also recently issued reports on WMT. Stephens set a $73.00 price objective on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Friday, August 19th. Nomura set a $81.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Friday, August 19th. Morgan Stanley set a $76.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Friday, August 19th. Royal Bank Of Canada lifted their price target on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Friday, August 19th. Finally, Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.93.

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

Wal-Mart Stores (NYSE:WMT) opened at 69.19 on Friday. Wal-Mart Stores has a 1-year low of $58.32 and a 1-year high of $75.19. The firm has a market capitalization of $214.02 billion, a price-to-earnings ratio of 14.90 and a beta of 0.10. The company has a 50-day moving average of $69.80 and a 200-day moving average of $71.11.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm earned $118.20 billion during the quarter, compared to analysts’ expectations of $118.69 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, equities analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current year.

In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now 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. 51.55% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WMT. Cullinan Associates Inc. raised its position in shares of Wal-Mart Stores by 0.8% in the first quarter. Cullinan Associates Inc. now owns 3,405,173 shares of the retailer’s stock worth $233,220,000 after buying an additional 27,900 shares during the period. First Republic Investment Management Inc. raised its position in shares of Wal-Mart Stores by 42.6% in the first quarter. First Republic Investment Management Inc. now owns 231,074 shares of the retailer’s stock worth $15,826,000 after buying an additional 69,054 shares during the period. Cypress Capital Group raised its position in shares of Wal-Mart Stores by 113.3% in the first quarter. Cypress Capital Group now owns 48,343 shares of the retailer’s stock worth $3,311,000 after buying an additional 25,679 shares during the period. Phocas Financial Corp. acquired a new position in shares of Wal-Mart Stores during the first quarter worth about $567,000. Finally, Euclid Advisors LLC raised its position in shares of Wal-Mart Stores by 145.0% in the first quarter. Euclid Advisors LLC now owns 199,560 shares of the retailer’s stock worth $13,668,000 after buying an additional 118,120 shares during the period. Institutional investors and hedge funds own 29.96% of the company’s stock.

About Wal-Mart Stores

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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