Wal-Mart Stores Inc. (WMT) Given a $81.00 Price Target at Nomura
Several other research firms have also recently weighed in on WMT. Stephens set a $73.00 target price on shares of Wal-Mart Stores and gave the company a hold rating in a research note on Friday, August 19th. Morgan Stanley set a $76.00 target price 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 raised their target price 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. Telsey Advisory Group lifted their price objective on shares of Wal-Mart Stores from $71.00 to $78.00 and gave the stock a market perform rating in a research report on Friday, August 19th. Finally, Buckingham Research reaffirmed a neutral rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $74.96.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 1.40% during trading on Monday, hitting $70.34. 4,334,368 shares of the stock were exchanged. The company has a market cap of $217.58 billion, a P/E ratio of 15.14 and a beta of 0.10. The firm’s 50-day moving average is $69.59 and its 200 day moving average is $71.17. Wal-Mart Stores has a 1-year low of $58.32 and a 1-year high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, beating the 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 earned $118.20 billion during the quarter, compared to analysts’ expectations of $118.69 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Equities analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.
In other news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction dated Friday, August 26th. The shares were 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 approximately $2,105,497.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction 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 currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vigilant Capital Management LLC raised its stake in 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 Wal-Mart Stores during the second quarter worth $100,000. Itau Unibanco Holding S.A. bought a new stake in Wal-Mart Stores during the third quarter worth $104,000. Americafirst Capital Management LLC bought a new stake in Wal-Mart Stores during the second quarter worth $106,000. Finally, BKS Advisors LLC bought a new stake in Wal-Mart Stores during the third quarter worth $110,000. 29.88% 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.
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