KeyCorp restated their overweight rating on shares of Wal-Mart Stores Inc (NYSE:WMT) in a research report released on Wednesday morning. The brokerage currently has a $90.00 price objective on the retailer’s stock.
A number of other equities research analysts also recently commented on the company. Bank of America Corp restated a buy rating and issued a $88.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, March 14th. Stifel Nicolaus initiated coverage on Wal-Mart Stores in a research report on Thursday, January 19th. They issued a hold rating and a $70.00 target price on the stock. Wells Fargo & Co restated a market perform rating on shares of Wal-Mart Stores in a research report on Thursday, January 26th. Zacks Investment Research upgraded Wal-Mart Stores from a sell rating to a hold rating in a research report on Tuesday, March 21st. Finally, JPMorgan Chase & Co. set a $64.00 price objective on Wal-Mart Stores and gave the company a neutral rating in a report on Wednesday, February 15th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $75.33.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 1.27% during mid-day trading on Wednesday, hitting $75.01. The stock had a trading volume of 3,677,799 shares. The firm has a 50 day moving average of $71.16 and a 200-day moving average of $69.83. Wal-Mart Stores has a one year low of $62.72 and a one year high of $75.19. The stock has a market cap of $227.51 billion, a P/E ratio of 17.13 and a beta of 0.09.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.01. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The company had revenue of $129.75 billion for the quarter, compared to the consensus estimate of $130.22 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Wal-Mart Stores will post $4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s dividend payout ratio (DPR) is currently 43.48%.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,667,343 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at approximately $756,408,072.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 4,375,337 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $71.79, for a total transaction of $314,105,443.23. Following the sale, the insider now directly owns 10,507,127 shares in the company, valued at $754,306,647.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,585,041 shares of company stock worth $1,110,035,611. Company insiders own 51.55% of the company’s stock.
Several institutional investors have recently bought and sold shares of WMT. Itau Unibanco Holding S.A. bought a new position in Wal-Mart Stores during the third quarter valued at approximately $104,000. Asset Planning Services Ltd. boosted its position in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares in the last quarter. BKS Advisors LLC bought a new position in Wal-Mart Stores during the third quarter valued at approximately $110,000. Nelson Roberts Investment Advisors LLC boosted its position in Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock valued at $118,000 after buying an additional 351 shares in the last quarter. Finally, TLP Group LLC bought a new position in Wal-Mart Stores during the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 29.69% of the company’s stock.
Wal-Mart Stores Company Profile
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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