Wal-Mart Stores (NYSE:WMT) has been given a $101.00 price objective by stock analysts at Wells Fargo & Co in a report released on Wednesday, December 27th. The firm currently has a “neutral” rating on the retailer’s stock. Wells Fargo & Co’s price objective would suggest a potential upside of 0.98% from the stock’s previous close.
WMT has been the subject of a number of other reports. Goldman Sachs Group cut shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays reiterated a “buy” rating and issued a $110.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $84.00 price target (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $97.09.
Shares of Wal-Mart Stores (NYSE WMT) opened at $100.02 on Wednesday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $102.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The stock has a market cap of $296,300.00, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. equities research analysts anticipate that Wal-Mart Stores will post 4.43 earnings per share for the current year.
Wal-Mart Stores declared that its board has authorized a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In related news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. 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 90 days. 51.39% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Winfield Associates Inc. boosted its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares in the last quarter. 30.58% of the stock is owned by hedge funds and other institutional investors.
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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.
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