UBS AG set a $91.00 target price on Wal-Mart Stores, Inc. (NYSE:WMT) in a research report sent to investors on Friday, www.benzinga.com reports. The brokerage currently has a neutral rating on the retailer’s stock.
A number of other research analysts have also recently issued reports on WMT. MKM Partners reissued a neutral rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Morgan Stanley set a $90.00 price objective on Wal-Mart Stores and gave the company a neutral rating in a report on Wednesday, November 8th. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a buy rating in a report on Monday, August 7th. J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the company a neutral rating in a report on Monday, August 14th. Finally, BidaskClub raised Wal-Mart Stores from a buy rating to a strong-buy rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $87.27.
Wal-Mart Stores (NYSE WMT) opened at $90.99 on Friday. The company has a market capitalization of $271,596.41, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. analysts predict that Wal-Mart Stores will post 4.37 EPS for the current year.
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Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In related news, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the transaction, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. 51.39% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of WMT. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. TrimTabs Asset Management LLC lifted its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC lifted its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares in the last quarter. Institutional investors and hedge funds own 30.12% of the company’s stock.
About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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