Wal-Mart Stores (NYSE:WMT) has been assigned a $100.00 price target by equities research analysts at UBS Group in a research report issued on Thursday, January 4th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the retailer’s stock. UBS Group’s price objective suggests a potential downside of 7.74% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and raised their price target for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, October 12th. Wolfe Research raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Finally, Bank of America set a $100.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. Eighteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $99.80.
Wal-Mart Stores (WMT) traded up $1.79 during mid-day trading on Thursday, hitting $108.39. The stock had a trading volume of 6,226,618 shares, compared to its average volume of 8,190,000. The stock has a market cap of $321,090.00, a P/E ratio of 28.83, a P/E/G ratio of 4.21 and a beta of 0.37. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $108.41. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. sell-side analysts expect that Wal-Mart Stores will post 4.44 earnings per share for the current year.
Wal-Mart Stores announced that its board has approved a share buyback plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, 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 value of $119,148.00. Following the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Insiders own 51.39% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in Wal-Mart Stores in the fourth quarter worth about $127,000. Winfield Associates Inc. grew its position 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 acquiring an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position 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 acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. grew its position 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 acquiring an additional 1,252 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Wal-Mart Stores in the fourth quarter worth about $181,000. 30.53% of the stock is currently 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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