Royal Bank Of Canada reaffirmed their underperform rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a $77.00 price objective on the retailer’s stock.

WMT has been the subject of several other research reports. KeyCorp reiterated a buy rating and set a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Vetr cut shares of Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 price objective for the company. in a research report on Monday, June 19th. BidaskClub cut shares of Wal-Mart Stores from a strong-buy rating to a buy rating in a research report on Tuesday, June 20th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co restated a neutral rating and issued a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of Hold and an average price target of $83.48.

Wal-Mart Stores (NYSE WMT) opened at 86.62 on Wednesday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $86.95. The firm has a market capitalization of $258.75 billion, a PE ratio of 20.81 and a beta of 0.29. The company has a 50 day moving average price of $80.08 and a 200-day moving average price of $77.62.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities analysts predict that Wal-Mart Stores will post $4.37 EPS for the current year.

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Wal-Mart Stores declared that its Board of Directors has approved a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

In other news, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the transaction, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock worth $785,676,492 over the last ninety days. Insiders own 51.39% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Hudock Capital Group LLC increased its stake in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the last quarter. Gemmer Asset Management LLC increased its stake in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after acquiring an additional 10 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after acquiring an additional 15 shares during the last quarter. Sterneck Capital Management LLC increased its stake in Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after acquiring an additional 22 shares during the last quarter. Finally, LLBH Private Wealth Management LLC increased its stake in Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after acquiring an additional 24 shares during the last quarter. 30.19% of the stock is currently owned by institutional investors and hedge funds.

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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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

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