Wal-Mart Stores, Inc. (WMT) Given a $86.00 Price Target by Cowen and Company Analysts

Wal-Mart Stores, Inc. (NYSE:WMT) has been assigned a $86.00 price objective by stock analysts at Cowen and Company in a research note issued to investors on Monday, August 7th. The brokerage currently has a “buy” rating on the retailer’s stock. Cowen and Company’s target price would suggest a potential upside of 8.44% from the stock’s current price.

A number of other equities research analysts have also issued reports on WMT. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. UBS AG reissued a “neutral” rating and issued a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. Pacific Crest lowered shares of Wal-Mart Stores to a “hold” rating in a research note on Sunday, April 30th. Credit Suisse Group reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research note on Sunday, June 11th. Finally, Vetr raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $71.15 target price on the stock in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $80.01.

Shares of Wal-Mart Stores (WMT) opened at 79.31 on Monday. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99. The company has a market cap of $239.08 billion, a PE ratio of 18.01 and a beta of 0.29. The firm’s 50-day moving average is $78.09 and its 200-day moving average is $74.64.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. On average, equities research analysts predict that Wal-Mart Stores will post $4.38 earnings per share for the current year.

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In related news, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the completion of the sale, the insider now directly owns 23,854 shares in the company, valued at $1,878,502.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold 23,001,578 shares of company stock valued at $1,815,723,535 over the last 90 days. 51.39% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Ropes Wealth Advisors LLC raised its position in Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after buying an additional 1,039 shares during the last quarter. Security National Bank of SO Dak raised its position in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after buying an additional 386 shares in the last quarter. First Personal Financial Services raised its position in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after buying an additional 3,434 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after buying an additional 31,436 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its position in shares of Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock worth $57,359,000 after buying an additional 209,619 shares in the last quarter. Institutional investors and hedge funds own 30.00% 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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