Wal-Mart Stores, Inc. (WMT) Given a $100.00 Price Target by Barclays PLC Analysts
A number of other equities analysts have also weighed in on WMT. The Goldman Sachs Group, Inc. set a $84.00 price objective on Wal-Mart Stores and gave the stock a buy rating in a research note on Wednesday, July 26th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a buy rating in a research report on Monday, July 17th. Bank of America Corporation set a $100.00 target price on Wal-Mart Stores and gave the company a buy rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $88.00 target price on the stock in a research report on Thursday, October 12th. Finally, KeyCorp set a $100.00 target price on Wal-Mart Stores and gave the company a buy rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $89.87.
Shares of Wal-Mart Stores (NYSE:WMT) traded down $2.10 on Monday, reaching $97.52. The company’s stock had a trading volume of 19,980,000 shares, compared to its average volume of 9,550,000. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78. Wal-Mart Stores has a one year low of $65.28 and a one year high of $100.13. The firm has a market capitalization of $291,310.00, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.35 and a beta of 0.34.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 9.20% and a net margin of 1.55%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. analysts anticipate that Wal-Mart Stores will post 4.38 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 621,500 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $528,278,842.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at $269,068,260.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Winfield Associates Inc. boosted its stake in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the period. TrimTabs Asset Management LLC boosted its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares during the period. Thompson Davis & CO. Inc. boosted its stake in Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC boosted its position in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the period. Institutional investors own 30.12% 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 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.
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