Wal-Mart Stores, Inc. (WMT) Rating Reiterated by Goldman Sachs Group, Inc. (The)

Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $91.00 price target on the retailer’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 6.15% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.54 price target (down from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. BidaskClub cut Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Vetr cut Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price target for the company. in a report on Monday, June 19th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, July 13th. Finally, Cowen and Company set a $86.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and an average target price of $83.11.

Wal-Mart Stores (WMT) traded up 0.4379% during mid-day trading on Thursday, reaching $86.1054. The company’s stock had a trading volume of 7,582,011 shares. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $86.37. The firm has a 50-day moving average of $79.62 and a 200 day moving average of $77.38. The firm has a market capitalization of $257.21 billion, a price-to-earnings ratio of 20.6885 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same period last year, the firm posted $1.07 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Wal-Mart Stores will post $4.37 earnings per share for the current year.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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In other news, insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the sale, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock worth $785,676,492. Corporate insiders own 51.39% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WMT. Hudock Capital Group LLC increased its position in shares of Wal-Mart Stores by 0.4% in the second 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 during the last quarter. Gemmer Asset Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after acquiring an additional 10 shares during the last quarter. Wellington Shields & Co. LLC increased its position in shares of Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after acquiring an additional 15 shares during the last quarter. Sterneck Capital Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after acquiring an additional 22 shares during the last quarter. Finally, LLBH Private Wealth Management LLC increased its position in shares of Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after acquiring an additional 24 shares during the last quarter. 30.19% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

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