Wal-Mart Stores, Inc. (WMT) Given Market Weight Rating at BMO Capital Markets

BMO Capital Markets restated their market weight rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research report report published on Thursday morning.

A number of other equities analysts have also recently issued reports on WMT. UBS AG restated a neutral rating and issued a $80.00 price objective (up previously from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. Citigroup Inc. increased their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a neutral rating in a research note on Tuesday, August 15th. Wells Fargo & Company restated a hold rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group restated a hold rating and issued a $84.00 price objective on shares of Wal-Mart Stores in a research note on Friday, August 18th. Finally, Jefferies Group LLC restated a buy rating and issued a $88.00 price objective on shares of Wal-Mart Stores in a research note on Wednesday, June 14th. Three investment 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’s stock. Wal-Mart Stores has a consensus rating of Hold and an average target price of $80.25.

Shares of Wal-Mart Stores (WMT) opened at 80.38 on Thursday. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a market cap of $241.78 billion, a P/E ratio of 19.31 and a beta of 0.30. The stock has a 50 day moving average of $79.86 and a 200 day moving average of $76.06.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 2.60% and a return on equity of 16.87%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts anticipate that Wal-Mart Stores will post $4.38 earnings per share for the current fiscal year.

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In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $528,278,842.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 over the last 90 days. Corporate insiders own 51.39% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WMT. Winfield Associates Inc. raised its holdings in shares of Wal-Mart Stores by 5.8% in the second 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares during the last quarter. TrimTabs Asset Management LLC raised its holdings in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Wal-Mart Stores in the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 30.21% 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.

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

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