This article was originally published on this site
Wal-Mart Stores, Inc. (NYSE:WMT) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Friday. The firm presently has a $91.00 price objective on the retailer’s stock, up from their prior price objective of $78.00. Stephens’ price target would indicate a potential upside of 13.18% from the stock’s current price.
Several other brokerages also recently issued reports on WMT. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target on the stock in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Wal-Mart Stores in a research report on Monday, May 15th. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.40.
Wal-Mart Stores (NYSE WMT) opened at 80.40 on Friday. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $81.99. The company has a 50 day moving average price of $77.44 and a 200 day moving average price of $74.15. The firm has a market cap of $242.37 billion, a PE ratio of 18.26 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. On average, equities research analysts forecast that Wal-Mart Stores will post $4.36 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://sportsperspectives.com/2017/08/13/wal-mart-stores-inc-nysewmt-rating-increased-to-overweight-at-stephens.html.
In related news, major shareholder Jim C. Walton sold 3,278,735 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were 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 of the company’s stock, valued at $830,070,696. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $530,775,817. The disclosure for this sale can be found here. In the last three months, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Winfield Associates Inc. raised 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 worth $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 worth $108,000 after buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC raised 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 worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised 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 worth $115,000 after buying an additional 1,252 shares in the last quarter. 30.09% of the stock is owned by hedge funds and other institutional investors.
Wal-Mart Stores Company Profile
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 & Ratings for Wal-Mart Stores Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.