Vetr lowered shares of Wal-Mart Stores Inc. (NYSE:WMT) from a buy rating to a hold rating in a research report sent to investors on Thursday. They currently have $75.25 target price on the retailer’s stock.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

A number of other brokerages have also recently commented on WMT. Buckingham Research reiterated a neutral rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. JPMorgan Chase & Co. set a $75.00 price target on Wal-Mart Stores and gave the stock a neutral rating in a research note on Friday, August 19th. Morgan Stanley set a $76.00 price target on Wal-Mart Stores and gave the stock a neutral rating in a research note on Friday, August 19th. Royal Bank Of Canada increased their price target on Wal-Mart Stores from $73.00 to $76.00 and gave the stock an underperform rating in a research note on Friday, August 19th. Finally, Stephens set a $73.00 price target on Wal-Mart Stores and gave the stock a hold rating in a research note on Friday, August 19th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $74.17.

Wal-Mart Stores (NYSE:WMT) opened at 72.09 on Thursday. The company’s 50-day moving average price is $72.57 and its 200 day moving average price is $70.60. The firm has a market capitalization of $222.99 billion, a PE ratio of 15.52 and a beta of 0.22. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. On average, equities analysts anticipate that Wal-Mart Stores will post $4.34 EPS for the current year.

In other news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the sale, the insider now directly owns 29,464 shares in the company, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WMT. Piershale Financial Group Inc. boosted its stake in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock valued at $212,000 after buying an additional 11 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock valued at $218,000 after buying an additional 20 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,023 shares of the retailer’s stock valued at $586,000 after buying an additional 23 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock valued at $562,000 after buying an additional 28 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors.

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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

5 Day Chart for NYSE:WMT

To view Vetr’s full report, visit Vetr’s official website.

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