Wal-Mart Stores, Inc. (WMT) PT Set at $100.00 by KeyCorp

Wal-Mart Stores, Inc. (NYSE:WMT) has been assigned a $100.00 target price by equities researchers at KeyCorp in a research report issued on Monday. The firm currently has a “buy” rating on the retailer’s stock. KeyCorp’s target price would indicate a potential upside of 9.78% from the stock’s previous close.

A number of other research firms have also recently weighed in on WMT. BidaskClub raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Vetr cut shares of Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price objective on the stock. in a report on Monday, July 17th. Citigroup Inc. increased their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $87.54.

Shares of Wal-Mart Stores (NYSE WMT) opened at $91.09 on Monday. 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 has a twelve month low of $65.28 and a twelve month high of $91.98. The firm has a market cap of $271,805.53, a PE ratio of 20.87, a P/E/G ratio of 3.39 and a beta of 0.34.

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

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

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In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the transaction, the insider now owns 21,125 shares of the company’s stock, valued at $1,668,875. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock worth $785,676,492. 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 grew its stake 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 worth $139,000 after acquiring an additional 7 shares during the last quarter. Gemmer Asset Management LLC grew its stake 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 worth $224,000 after acquiring an additional 10 shares during the last quarter. Wellington Shields & Co. LLC grew its stake 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 worth $264,000 after acquiring an additional 15 shares during the last quarter. Sterneck Capital Management LLC grew its stake 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 worth $475,000 after acquiring an additional 22 shares during the last quarter. Finally, LLBH Private Wealth Management LLC grew its stake 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 worth $594,000 after acquiring an additional 24 shares during the last quarter. 30.12% of the stock is currently owned by institutional investors.

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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