Wal-Mart Stores Inc. (NYSE:WMT) received a $90.00 price target from KeyCorp in a research report issued on Friday. The firm currently has a a “buy” rating on the retailer’s stock. KeyCorp’s price objective would suggest a potential upside of 29.76% from the stock’s current price.
WMT has been the topic of several other reports. Vetr cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $75.25 price target on the stock. in a report on Thursday, September 15th. JPMorgan Chase & Co. set a $75.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Group set a $86.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 22nd. Buckingham Research set a $70.00 price objective on shares of Wal-Mart Stores and gave the stock a “hold” rating in a report on Wednesday, September 28th. Finally, Macquarie set a $61.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.59.
Wal-Mart Stores (NYSE:WMT) traded down 0.74% on Friday, reaching $68.85. The company’s stock had a trading volume of 10,193,303 shares. The stock has a 50 day moving average price of $71.93 and a 200-day moving average price of $70.94. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $75.19. The company has a market capitalization of $212.97 billion, a price-to-earnings ratio of 14.82 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 consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the previous year, the company posted $1.08 EPS. Wal-Mart Stores’s revenue was up .5% on a year-over-year basis. Equities 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 2,100,000 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Vigilant Capital Management LLC raised 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 valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $106,000. Seven Eight Capital LLC bought a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $111,000. Finally, Piershale Financial Group Inc. raised its stake in shares of 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. Institutional investors own 29.55% of the company’s stock.
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