Vetr downgraded shares of Wal-Mart Stores, Inc. (NYSE:WMT) from a hold rating to a sell rating in a research report released on Friday. They currently have $91.97 target price on the retailer’s stock.

WMT has been the subject of a number of other research reports. KeyCorp reaffirmed a buy rating and set a $90.00 target price on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Zacks Investment Research lowered shares of Wal-Mart Stores from a buy rating to a hold rating in a report on Tuesday, October 17th. J P Morgan Chase & Co reaffirmed a neutral rating and set a $84.00 target price (up previously from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. Jefferies Group LLC set a $93.00 target price on shares of Wal-Mart Stores and gave the stock a buy rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company reaffirmed a hold rating on shares of Wal-Mart Stores in a report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores has an average rating of Hold and a consensus price target of $90.87.

Wal-Mart Stores (WMT) opened at $97.48 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores has a 1 year low of $65.28 and a 1 year high of $100.13. The firm has a market cap of $291,190.00, a P/E ratio of 22.25, a P/E/G ratio of 3.60 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts expect that Wal-Mart Stores will post 4.42 earnings per share for the current fiscal year.

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Wal-Mart Stores declared that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

In related news, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the completion of the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,505,463 shares of company stock worth $753,034,763. 51.39% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. FMR LLC grew its stake in Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. grew its stake in Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after buying an additional 1,689,364 shares during the last quarter. Karp Capital Management Corp acquired a new position in Wal-Mart Stores in the 1st quarter valued at about $111,777,000. Finally, Neuberger Berman Group LLC grew its stake in Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after buying an additional 1,324,722 shares during the last quarter. Institutional investors and hedge funds own 30.22% of the company’s stock.

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.

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

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

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