BMO Capital Markets restated their underperform rating on shares of Wal-Mart Stores Inc. (NYSE:WMT) in a research report sent to investors on Saturday. They currently have a $72.80 price target on the retailer’s stock.

Other analysts have also recently issued research reports about the stock. Telsey Advisory Group dropped their price objective on shares of Wal-Mart Stores from $76.00 to $73.00 and set a market perform rating on the stock in a report on Friday. RBC Capital Markets set a $72.00 price objective on shares of Wal-Mart Stores and gave the stock a sell rating in a report on Friday. Goldman Sachs Group Inc. set a $73.00 target price on shares of Wal-Mart Stores and gave the company a neutral rating in a research report on Friday. Deutsche Bank AG reiterated a hold rating and issued a $70.00 target price on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Finally, Buckingham Research reiterated a neutral rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $74.96.

Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.94% during trading on Friday, reaching $68.54. 11,135,265 shares of the company’s stock were exchanged. Wal-Mart Stores has a 52 week low of $56.36 and a 52 week high of $75.19. The company’s 50-day moving average price is $69.88 and its 200 day moving average price is $71.04. The firm has a market capitalization of $212.01 billion, a PE ratio of 14.76 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The business had revenue of $118.20 billion for the quarter, compared to analysts’ expectations of $118.69 billion. During the same quarter last year, the company earned $1.03 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Wal-Mart Stores will post $4.34 EPS for the current fiscal year.

In related news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of Wal-Mart Stores stock in a transaction dated 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 directly owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC raised its stake in shares of Wal-Mart Stores by 38.5% in the first quarter. BlueMountain Capital Management LLC now owns 9,255 shares of the retailer’s stock worth $634,000 after buying an additional 2,572 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Wal-Mart Stores during the first quarter worth approximately $939,000. Cullinan Associates Inc. raised its stake 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 last quarter. First Republic Investment Management Inc. raised its position in 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 valued at $15,826,000 after buying an additional 69,054 shares during the last quarter. Finally, Cypress Capital Group raised its position in Wal-Mart Stores by 113.3% in the first quarter. Cypress Capital Group now owns 48,343 shares of the retailer’s stock valued at $3,311,000 after buying an additional 25,679 shares during the last quarter. 29.96% of the stock is 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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