Wal-Mart Stores’ (WMT) “Buy” Rating Reiterated at Barclays PLC
Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating reiterated by equities research analysts at Barclays PLC in a report issued on Tuesday. They currently have a $110.00 target price on the retailer’s stock. Barclays PLC’s price objective indicates a potential upside of 12.84% from the company’s current price.
Several other equities analysts also recently commented on WMT. Royal Bank Of Canada set a $74.00 target price on Wal-Mart Stores and gave the company a “sell” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, July 27th. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. initiated coverage on Wal-Mart Stores in a research report on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.20.
Shares of Wal-Mart Stores (NYSE:WMT) traded up $0.01 during midday trading on Tuesday, reaching $97.48. The company’s stock had a trading volume of 16,393,201 shares, compared to its average volume of 8,928,749. The firm has a market capitalization of $291,190.00, a P/E ratio of 22.25, a PEG ratio of 3.60 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.19 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.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. equities analysts forecast that Wal-Mart Stores will post 4.42 EPS for the current fiscal year.
Wal-Mart Stores declared that its board has approved a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. Insiders sold a total of 9,505,463 shares of company stock worth $753,034,763 in the last ninety days. 51.39% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC grew its position in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares in the last quarter. Gemmer Asset Management LLC grew its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after purchasing an additional 10 shares in the last quarter. Sterneck Capital Management LLC grew its position in shares of Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after purchasing an additional 22 shares in the last quarter. LLBH Private Wealth Management LLC grew its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after purchasing an additional 24 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its position in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 30.22% 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.
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