Wal-Mart Stores, Inc. (NYSE:WMT) had its target price raised by Jefferies Group LLC from $86.00 to $88.00 in a research report released on Friday, May 12th, MarketBeat.com reports. They currently have a buy rating on the retailer’s stock.
WMT has been the topic of a number of other reports. Zacks Investment Research cut Wal-Mart Stores from a buy rating to a hold rating in a report on Thursday, May 11th. Vetr cut Wal-Mart Stores from a buy rating to a hold rating and set a $79.40 price target on the stock. in a report on Monday, May 8th. Deutsche Bank AG increased their target price on Wal-Mart Stores from $71.00 to $81.00 and gave the stock a hold rating in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $74.00 target price on shares of Wal-Mart Stores in a report on Friday, May 5th. Finally, Gordon Haskett began coverage on Wal-Mart Stores in a report on Tuesday, May 9th. They issued a buy rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $78.80.
Wal-Mart Stores (NYSE:WMT) traded down 4.65% during midday trading on Friday, hitting $75.24. 56,233,027 shares of the stock traded hands. The company has a 50-day moving average of $77.60 and a 200-day moving average of $72.06. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $80.47. The stock has a market cap of $226.81 billion, a PE ratio of 17.08 and a beta of 0.30. Wal-Mart Stores also was the target of some unusual options trading activity on Friday. Stock traders acquired 9,731 call options on the company. This is an increase of approximately 278% compared to the typical volume of 2,572 call options.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, equities analysts expect that Wal-Mart Stores will post $4.36 EPS for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,278,735 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now owns 10,507,224 shares in the company, valued at $830,070,696. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 1,618,300 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $80.22, for a total value of $129,820,026.00. Following the completion of the sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $268,332,370.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,980,991 shares of company stock valued at $1,814,159,476. 51.39% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Wal-Mart Stores by 3.1% in the first quarter. Vanguard Group Inc. now owns 105,233,311 shares of the retailer’s stock worth $7,585,217,000 after buying an additional 3,196,912 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Wal-Mart Stores by 1,866.4% in the first quarter. BlackRock Inc. now owns 91,133,379 shares of the retailer’s stock worth $6,568,893,000 after buying an additional 86,498,829 shares during the last quarter. State Street Corp boosted its stake in shares of Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after buying an additional 854,010 shares during the last quarter. Dodge & Cox bought a new stake in shares of Wal-Mart Stores during the fourth quarter worth approximately $1,503,922,000. Finally, Geode Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 8.0% in the first quarter. Geode Capital Management LLC now owns 15,369,668 shares of the retailer’s stock worth $1,106,330,000 after buying an additional 1,137,828 shares during the last quarter. Institutional investors and hedge funds own 30.15% 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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