Today: The Wal-Mart Stores Inc. (WMT) Receives $75.88 Consensus Price Target from Brokerages

The Wal-Mart Stores Inc. (WMT) Receives $75.88 Consensus Price Target from Brokerages

Wal-Mart Stores Inc. (NYSE:WMT) has received a consensus rating of “Hold” from the thirty-two brokerages that are covering the firm. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $75.88.

Several research analysts have commented on WMT shares. Goldman Sachs Group Inc. set a $72.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday. Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $75.25 target price for the company. in a research note on Thursday, September 15th. JPMorgan Chase & Co. set a $75.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday, October 4th. Jefferies Group set a $86.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 22nd. Finally, Macquarie set a $61.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday, October 4th.

Wal-Mart Stores (NYSE:WMT) opened at 68.45 on Wednesday. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19. The stock has a 50 day moving average of $71.16 and a 200 day moving average of $70.93. The company has a market cap of $211.73 billion, a price-to-earnings ratio of 14.74 and a beta of 0.20.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Equities research analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the transaction, the insider now directly owns 10,507,127 shares in the company, valued at $767,230,413.54. The disclosure for this sale can be found here. 51.55% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Advisor Consultant Network Inc. bought a new position in shares of Wal-Mart Stores during the third quarter worth approximately $18,849,000. Johanson Financial Advisors Inc. boosted its position in shares of Wal-Mart Stores by 0.7% in the third quarter. Johanson Financial Advisors Inc. now owns 4,329 shares of the retailer’s stock worth $312,000 after buying an additional 30 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of Wal-Mart Stores by 0.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,576 shares of the retailer’s stock worth $186,000 after buying an additional 16 shares during the period. Callahan Advisors LLC boosted its position in shares of Wal-Mart Stores by 7.8% in the third quarter. Callahan Advisors LLC now owns 48,794 shares of the retailer’s stock worth $3,519,000 after buying an additional 3,548 shares during the period. Finally, National Pension Service boosted its position in shares of Wal-Mart Stores by 8.7% in the third quarter. National Pension Service now owns 964,628 shares of the retailer’s stock worth $69,569,000 after buying an additional 77,274 shares during the period. 29.55% of the stock is currently owned by institutional investors and hedge funds.

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