Wal-Mart Stores’ (WMT) “Equal Weight” Rating Reiterated at Morgan Stanley

Wal-Mart Stores (NYSE:WMT)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a report released on Tuesday. They presently have a $100.00 price objective on the retailer’s stock, up from their previous price objective of $92.00. Morgan Stanley’s target price would suggest a potential upside of 3.17% from the company’s current price.

Several other equities research analysts have also issued reports on WMT. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday, August 14th. UBS reaffirmed a “neutral” rating and issued a $84.00 price objective on shares of Wal-Mart Stores in a research note on Sunday, August 20th. Oppenheimer reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research note on Friday, August 18th. Finally, Royal Bank of Canada raised their price objective on Wal-Mart Stores from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.96.

Wal-Mart Stores (WMT) opened at $96.93 on Tuesday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $100.13. The company has a market capitalization of $286,018.00, a P/E ratio of 22.04, a P/E/G ratio of 3.56 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. equities analysts anticipate that Wal-Mart Stores will post 4.43 EPS for the current year.

Wal-Mart Stores declared that its board has approved a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,586 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the transaction, the insider now directly owns 21,125 shares in the company, valued at approximately $1,668,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 684 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. Insiders have sold a total of 14,419,109 shares of company stock worth $1,366,198,547 over the last 90 days. 51.39% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMT. Winfield Associates Inc. increased its holdings 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 acquiring an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of 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 worth $108,000 after purchasing an additional 45 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its position in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 30.65% of the company’s stock.

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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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