Investors purchased shares of Wal-Mart Stores, Inc. (NYSE:WMT) on weakness during trading hours on Tuesday. $200.16 million flowed into the stock on the tick-up and $99.19 million flowed out of the stock on the tick-down, for a money net flow of $100.97 million into the stock. Of all equities tracked, Wal-Mart Stores had the 15th highest net in-flow for the day. Wal-Mart Stores traded down ($0.18) for the day and closed at $100.69

Several brokerages have weighed in on WMT. Goldman Sachs Group set a $115.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Saturday. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price objective for the company in a research note on Wednesday, January 10th. Royal Bank of Canada set a $106.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, January 5th. Finally, UBS Group set a $100.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Eighteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.01.

The company has a market cap of $298,280.00, a PE ratio of 26.78, a P/E/G ratio of 3.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

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

Wal-Mart Stores announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, major shareholder Alice L. Walton sold 1,002,210 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $96.23, for a total transaction of $96,442,668.30. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $649,415,853.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $660,146,095.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last ninety days. 51.39% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Wal-Mart Stores by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in Wal-Mart Stores by 100.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after acquiring an additional 1,324,722 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in Wal-Mart Stores by 128.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock worth $160,874,000 after acquiring an additional 1,158,519 shares during the last quarter. 30.58% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/16/traders-buy-wal-mart-stores-wmt-on-weakness.html.

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.

Receive News & Stock Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related stocks with our FREE daily email newsletter.