Goldman Sachs Group Inc. set a $73.00 price target on Wal-Mart Stores Inc. (NYSE:WMT) in a research report report published on Wednesday. The firm currently has a a neutral rating on the retailer’s stock.
A number of other analysts have also recently weighed in on the company. Jefferies Group reiterated a buy rating on shares of Wal-Mart Stores in a research report on Wednesday, July 6th. Vetr upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $75.48 price target on the stock in a research report on Thursday, June 23rd. Nomura reiterated a buy rating and issued a $81.00 price target on shares of Wal-Mart Stores in a research report on Thursday, June 23rd. Finally, Guggenheim initiated coverage on Wal-Mart Stores in a research report on Friday, September 30th. They issued a buy rating and a $82.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of Hold and a consensus target price of $75.46.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 68.70 on Wednesday. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The firm has a 50-day moving average price of $71.77 and a 200-day moving average price of $70.95. The company has a market capitalization of $212.51 billion, a PE ratio of 14.79 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $120.90 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Equities analysts anticipate that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other news, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the sale, the insider now directly owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in WMT. Vigilant Capital Management LLC boosted its stake in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC acquired a new stake in Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC acquired a new stake in Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. boosted its stake in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the last quarter. 29.55% of the stock is owned by institutional investors.
Wal-Mart Stores Company Profile