Wal-Mart Stores Inc. (NYSE:WMT) has been given a $75.00 price objective by analysts at JPMorgan Chase & Co. in a report issued on Tuesday. The firm currently has a a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 4.65% from the stock’s current price.
A number of other equities analysts have also recently commented on WMT. Jefferies Group raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $82.00 in a research note on Monday, June 6th. MKM Partners reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research note on Monday, June 6th. Cowen and Company reissued a “hold” rating and issued a $70.00 price objective on shares of Wal-Mart Stores in a research report on Monday, June 6th. Barclays PLC reissued an “equal weight” rating and issued a $70.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, June 7th. Finally, Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price objective for the company in a research report on Monday, June 13th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $75.56.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 71.67 on Tuesday. The stock’s 50 day moving average is $72.03 and its 200-day moving average is $70.95. Wal-Mart Stores has a 12-month low of $56.30 and a 12-month high of $75.19. The stock has a market cap of $221.69 billion, a PE ratio of 15.43 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that Wal-Mart Stores will post $4.35 EPS for the current year.
In other news, major shareholder Jim C. Walton sold 3,502,398 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the sale, the insider now directly owns 10,507,127 shares in the company, valued at $767,230,413.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Fisher Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock worth $365,175,000 after buying an additional 4,652,393 shares during the period. Bank of Montreal Can acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $309,966,000. Emerald Acquisition Ltd. acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $260,853,000. State Street Corp boosted its stake in shares of Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock worth $4,903,327,000 after buying an additional 1,726,468 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Wal-Mart Stores by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,418,449 shares of the retailer’s stock worth $541,665,000 after buying an additional 1,449,033 shares during the period. Institutional investors and hedge funds own 29.55% of the company’s stock.
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