Today, Macquarie Reiterates $61.00 Price Target for Wal-Mart Stores Inc. (WMT)

Today, Macquarie Reiterates $61.00 Price Target for Wal-Mart Stores Inc. (WMT)

Macquarie set a $61.00 target price on Wal-Mart Stores Inc. (NYSE:WMT) in a research note published on Tuesday. The firm currently has a a neutral rating on the retailer’s stock.

WMT has been the topic of several other reports. Deutsche Bank AG reissued a hold rating and set a $77.00 target price (up from $68.00) on shares of Wal-Mart Stores in a research report on Tuesday, August 2nd. Buckingham Research reissued a neutral rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Vetr downgraded shares of Wal-Mart Stores from a buy rating to a hold rating and set a $76.24 target price on the stock. in a research report on Monday, August 8th. Nomura set a $81.00 target price on shares of Wal-Mart Stores and gave the stock a buy rating in a research report on Friday, August 19th. Finally, Jefferies Group raised shares of Wal-Mart Stores from a hold rating to a buy rating and increased their target price for the stock from $60.00 to $82.00 in a research report on Monday, June 6th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $75.63.

Shares of Wal-Mart Stores (NYSE:WMT) opened at 69.36 on Tuesday. Wal-Mart Stores has a 52 week low of $56.30 and a 52 week high of $75.19. The firm has a market cap of $214.55 billion, a PE ratio of 14.93 and a beta of 0.20. The firm’s 50-day moving average price is $71.93 and its 200 day moving average price is $70.94.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. During the same period last year, the company earned $1.08 earnings per share. Wal-Mart Stores’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Wal-Mart Stores will post $4.34 EPS for the current year.

In other news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the transaction, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the transaction, the insider now owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WMT. Vigilant Capital Management LLC boosted its position 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 period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC purchased a new position in Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. boosted its position 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 period. Institutional investors own 29.55% of the company’s stock.

Wal-Mart Stores Company Profile

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