Wal-Mart Stores’ (WMT) “Outperform” Rating Reaffirmed at Robert W. Baird
Robert W. Baird reissued their outperform rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research note published on Thursday. The firm currently has a $95.00 price objective on the retailer’s stock, up from their previous price objective of $90.00.
A number of other research analysts have also recently issued reports on WMT. MKM Partners reissued a neutral rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Morgan Stanley set a $90.00 target price on Wal-Mart Stores and gave the company a neutral rating in a research note on Wednesday, November 8th. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the company a buy rating in a research note on Monday, August 7th. J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the stock a neutral rating in a research report on Monday, August 14th. Finally, BidaskClub raised Wal-Mart Stores from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Two 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 assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $86.65.
Shares of Wal-Mart Stores (NYSE WMT) opened at $90.92 on Thursday. The company has a market capitalization of $271,596.41, a PE ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. Wal-Mart Stores has a fifty-two week low of $65.28 and a fifty-two week high of $91.69.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. equities analysts expect that Wal-Mart Stores will post 4.37 EPS for the current fiscal year.
Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to repurchase 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, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $528,278,842.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction 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 transaction, 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. Over the last ninety days, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Winfield Associates Inc. raised its position in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC raised its position in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares in the last quarter. 30.12% of the stock is owned by institutional investors and hedge funds.
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.
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