Wal-Mart Stores (NYSE:WMT)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs Group in a report released on Thursday. They presently have a $107.00 price objective on the retailer’s stock. Goldman Sachs Group’s target price indicates a potential upside of 15.41% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Telsey Advisory Group reduced their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, November 17th. Royal Bank of Canada lifted their target price on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Moffett Nathanson began coverage on shares of Wal-Mart Stores in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 target price (down from $104.00) on shares of Wal-Mart Stores in a research note on Wednesday. Sixteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $102.05.
Wal-Mart Stores (NYSE WMT) traded down $0.06 on Thursday, reaching $92.71. 6,552,110 shares of the company were exchanged, compared to its average volume of 11,579,840. The firm has a market capitalization of $274,490.00, a price-to-earnings ratio of 29.02, a PEG ratio of 3.25 and a beta of 0.42. Wal-Mart Stores has a 52-week low of $69.33 and a 52-week high of $109.98. The company has a quick ratio of 0.19, a current ratio of 0.76 and a debt-to-equity ratio of 0.46.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The business had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. Wal-Mart Stores had a return on equity of 16.85% and a net margin of 1.97%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 earnings per share. equities analysts anticipate that Wal-Mart Stores will post 4.89 EPS for the current year.
In related news, major shareholder Alice L. Walton sold 2,057,004 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total transaction of $198,891,716.76. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $652,520,200.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,488,039 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $97.54, for a total transaction of $145,143,324.06. Following the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $1,024,874,628.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,635,405 shares of company stock valued at $742,168,245. 51.39% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Green Square Capital LLC raised its holdings in Wal-Mart Stores by 3.1% in the fourth quarter. Green Square Capital LLC now owns 70,315 shares of the retailer’s stock valued at $6,980,000 after buying an additional 2,107 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Wal-Mart Stores by 2.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 183,271 shares of the retailer’s stock valued at $18,098,000 after buying an additional 3,947 shares during the period. Certified Advisory Corp purchased a new position in Wal-Mart Stores in the fourth quarter valued at approximately $276,000. Fairfield Bush & CO. raised its holdings in Wal-Mart Stores by 3.3% in the fourth quarter. Fairfield Bush & CO. now owns 69,906 shares of the retailer’s stock valued at $6,904,000 after buying an additional 2,253 shares during the period. Finally, Wagner Wealth Management LLC purchased a new position in Wal-Mart Stores in the fourth quarter valued at approximately $132,000. Hedge funds and other institutional investors own 30.33% of the company’s stock.
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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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