Morgan Stanley reiterated their equal weight rating on shares of Wal-Mart Stores (NYSE:WMT) in a research report released on Tuesday, The Fly reports. They currently have a $100.00 price objective on the retailer’s stock, up from their prior price objective of $92.00.

A number of other equities analysts also recently weighed in on WMT. MKM Partners reaffirmed a neutral rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. J P Morgan Chase & Co set a $80.00 price target on Wal-Mart Stores and gave the stock a neutral rating in a research report on Monday, August 14th. UBS reaffirmed a neutral rating and set a $84.00 price target on shares of Wal-Mart Stores in a research report on Sunday, August 20th. Oppenheimer reaffirmed a buy rating and set a $90.00 price target on shares of Wal-Mart Stores in a research report on Friday, August 18th. Finally, Royal Bank of Canada upped their price target on Wal-Mart Stores from $76.00 to $77.00 and gave the stock an underperform rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $92.96.

Wal-Mart Stores (NYSE WMT) opened at $97.11 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $100.13. The stock has a market capitalization of $289,602.47, a P/E ratio of 22.32, a P/E/G ratio of 3.60 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same period in the previous year, the firm earned $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts anticipate that Wal-Mart Stores will post 4.43 earnings per share for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other Wal-Mart Stores news, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the sale, the executive vice president now owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders have sold 14,421,174 shares of company stock valued at $1,366,398,832 over the last 90 days. 51.39% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Wal-Mart Stores by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after buying an additional 440,343 shares during the last quarter. FMR LLC boosted its position in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wal-Mart Stores by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock valued at $1,156,909,000 after buying an additional 224,821 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after buying an additional 174,296 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Wal-Mart Stores by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock valued at $696,979,000 after buying an additional 45,217 shares during the last quarter. 30.65% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

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

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