Wal-Mart Stores (NYSE:WMT) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $110.28 price objective on the retailer’s stock. Vetr‘s target price indicates a potential upside of 17.18% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Bank of America set a $120.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird reiterated an “outperform” rating and set a $105.00 price target (down from $110.00) on shares of Wal-Mart Stores in a research report on Tuesday. Telsey Advisory Group reduced their price target on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Royal Bank of Canada lifted their price target on Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a research report on Friday, November 17th. Finally, Moffett Nathanson assumed coverage on Wal-Mart Stores in a research report on Monday, December 4th. They set a “neutral” rating for the company. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Wal-Mart Stores has an average rating of “Buy” and an average price target of $101.26.
Shares of Wal-Mart Stores (WMT) traded down $10.67 during mid-day trading on Tuesday, reaching $94.11. The company had a trading volume of 52,049,042 shares, compared to its average volume of 9,150,000. 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 capitalization of $278,790.00, a PE ratio of 25.03, a P/E/G ratio of 3.74 and a beta of 0.42. Wal-Mart Stores has a 52 week low of $68.69 and a 52 week high of $109.98.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). The company had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. research analysts anticipate that Wal-Mart Stores will post 4.44 EPS for the current year.
In other news, major shareholder Alice L. Walton sold 2,057,004 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $96.69, for a total value of $198,891,716.76. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $652,520,200.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,169,848 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $96.89, for a total value of $113,346,572.72. Following the transaction, the director now owns 3,345,065 shares in the company, valued at approximately $324,103,347.85. The disclosure for this sale can be found here. Insiders sold 8,462,022 shares of company stock worth $821,845,857 over the last ninety days. Corporate insiders own 51.39% of the company’s stock.
A number of institutional investors have recently made changes to their positions in WMT. NewSquare Capital LLC lifted its position in Wal-Mart Stores by 5.3% during the second quarter. NewSquare Capital LLC now owns 12,060 shares of the retailer’s stock worth $913,000 after buying an additional 610 shares in the last quarter. Northpointe Capital LLC raised its position in Wal-Mart Stores by 69.4% in the second quarter. Northpointe Capital LLC now owns 68,551 shares of the retailer’s stock valued at $5,188,000 after purchasing an additional 28,091 shares during the period. LLBH Private Wealth Management LLC raised its position in Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after purchasing an additional 24 shares during the period. Alps Advisors Inc. raised its position in Wal-Mart Stores by 27.0% in the second quarter. Alps Advisors Inc. now owns 17,024 shares of the retailer’s stock valued at $1,288,000 after purchasing an additional 3,618 shares during the period. Finally, Proficio Capital Partners LLC raised its position in Wal-Mart Stores by 17.8% in the second quarter. Proficio Capital Partners LLC now owns 17,608 shares of the retailer’s stock valued at $1,418,000 after purchasing an additional 2,660 shares during the period. Hedge funds and other institutional investors own 30.33% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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