KeyCorp set a $100.00 price objective on Wal-Mart Stores, Inc. (NYSE:WMT) in a report published on Monday morning. The brokerage currently has a buy rating on the retailer’s stock.

Other equities research analysts also recently issued reports about the stock. Citigroup Inc. upped their target price on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a neutral rating in a research note on Tuesday, August 15th. Wells Fargo & Company reaffirmed a hold rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group AG reaffirmed a hold rating and set a $84.00 target price on shares of Wal-Mart Stores in a research note on Friday, August 18th. Barclays PLC set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a buy rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Wal-Mart Stores from a hold rating to a buy rating and set a $86.00 price target for the company in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of Hold and an average target price of $87.54.

Shares of Wal-Mart Stores (NYSE WMT) traded up $0.07 on Monday, reaching $90.99. 8,491,500 shares of the company traded hands, compared to its average volume of 8,692,613. Wal-Mart Stores has a 1 year low of $65.28 and a 1 year high of $91.98. The stock has a market cap of $272,100.00, a P/E ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts predict that Wal-Mart Stores will post 4.37 earnings per share for the current year.

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Wal-Mart Stores announced that its board has initiated a stock buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, insider Jacqueline P. Canney sold 1,586 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the sale, the insider now directly owns 21,125 shares of the company’s stock, valued at $1,668,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders sold 9,924,828 shares of company stock worth $785,676,492 over the last three months. Corporate insiders own 51.39% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. TrimTabs Asset Management LLC raised its holdings in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings 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 valued at $108,000 after buying an additional 45 shares during the period. Thompson Davis & CO. Inc. raised its holdings 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 valued at $115,000 after buying an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. Hedge funds and other institutional investors own 30.12% of the company’s stock.

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.

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

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