Wal-Mart Stores’ (WMT) Buy Rating Reaffirmed at Robert W. Baird
Several other equities research analysts also recently issued reports on WMT. Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the company a sell rating in a report on Friday, August 4th. MKM Partners reiterated a neutral rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Citigroup Inc. boosted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the company a neutral rating in a report on Tuesday, August 15th. Stephens upgraded Wal-Mart Stores from an equal weight rating to an overweight rating and boosted their price objective for the company from $78.00 to $91.00 in a report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a buy rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of Hold and an average target price of $80.25.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 80.38 on Friday. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $81.99. The stock has a market cap of $241.78 billion, a price-to-earnings ratio of 19.31 and a beta of 0.30. The company’s 50-day moving average price is $79.86 and its 200 day moving average price is $76.06.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores will post $4.38 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Wal-Mart Stores’ (WMT) Buy Rating Reaffirmed at Robert W. Baird” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/wal-mart-stores-wmt-buy-rating-reaffirmed-at-robert-w-baird/1570645.html.
In other Wal-Mart Stores news, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last ninety days. 51.39% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Johanson Financial Advisors Inc. purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $322,000. Hengehold Capital Management LLC raised its stake in shares of Wal-Mart Stores by 9.7% during the 1st quarter. Hengehold Capital Management LLC now owns 28,640 shares of the retailer’s stock worth $2,064,000 after buying an additional 2,544 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Wal-Mart Stores by 3.4% during the 1st quarter. Rockland Trust Co. now owns 168,207 shares of the retailer’s stock worth $12,124,000 after buying an additional 5,516 shares in the last quarter. Sanders Morris Harris Inc. purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $231,000. Finally, City Holding Co. raised its stake in shares of Wal-Mart Stores by 3.8% during the 1st quarter. City Holding Co. now owns 34,796 shares of the retailer’s stock worth $2,508,000 after buying an additional 1,285 shares in the last quarter. 30.19% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.