A number of other research analysts have also weighed in on WMT. KeyCorp restated an overweight rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Zacks Investment Research upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $84.00 price objective on the stock in a report on Tuesday, April 25th. MKM Partners restated a neutral rating and issued a $77.00 price objective (up previously from $72.00) on shares of Wal-Mart Stores in a report on Wednesday, April 26th. Pacific Crest lowered Wal-Mart Stores to a hold rating in a report on Sunday, April 30th. Finally, Royal Bank Of Canada restated a sell rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of Hold and a consensus price target of $79.40.
Shares of Wal-Mart Stores (NYSE WMT) traded down 0.32% during midday trading on Friday, reaching $80.40. 7,905,495 shares of the company traded hands. The firm has a market capitalization of $242.37 billion, a PE ratio of 18.26 and a beta of 0.29. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $81.99. The stock has a 50 day moving average price of $77.44 and a 200 day moving average price of $74.15.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data 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 company had revenue of $116.53 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Analysts expect that Wal-Mart Stores will post $4.36 earnings per share for the current fiscal year.
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In related news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Wal-Mart Stores by 0.4% in 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. State Street Corp boosted its stake in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after buying an additional 854,010 shares during the last quarter. FMR LLC boosted its stake in Wal-Mart Stores by 45.3% in 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 stake in Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after buying an additional 580,373 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock valued at $723,738,000 after buying an additional 256,833 shares during the last quarter. Hedge funds and other institutional investors own 30.09% 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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