Wal-Mart Stores’ (WMT) “Neutral” Rating Reiterated at J P Morgan Chase & Co

J P Morgan Chase & Co restated their neutral rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research note issued to investors on Friday morning. They currently have a $84.00 target price on the retailer’s stock, up from their prior target price of $80.00.

WMT has been the subject of several other reports. KeyCorp restated a buy rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Vetr downgraded Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 target price for the company. in a research note on Monday, June 19th. BidaskClub downgraded Wal-Mart Stores from a strong-buy rating to a buy rating in a research note on Tuesday, June 20th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a buy rating in a research note on Monday, July 17th. Finally, Wells Fargo & Company restated a hold rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $81.58.

Shares of Wal-Mart Stores (NYSE:WMT) opened at 80.53 on Friday. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The stock has a 50 day moving average price of $79.33 and a 200-day moving average price of $77.22. The company has a market capitalization of $240.56 billion, a price-to-earnings ratio of 19.35 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results 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 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 the consensus estimate of $121.86 billion. During the same period last year, the business posted $1.07 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Wal-Mart Stores will post $4.37 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by BBNS and is the sole property of of BBNS. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://baseballnewssource.com/markets/wal-mart-stores-wmt-neutral-rating-reiterated-at-j-p-morgan-chase-co/1703148.html.

In other news, major shareholder Alice L. Walton sold 696,363 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $78.73, for a total transaction of $54,824,658.99. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $531,315,703.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Hudock Capital Group LLC increased its stake in shares of Wal-Mart Stores by 0.4% during 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 during the last quarter. Gemmer Asset Management LLC increased its stake in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after purchasing an additional 10 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in shares of Wal-Mart Stores by 0.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after purchasing an additional 15 shares during the last quarter. Sterneck Capital Management LLC increased its stake in shares of Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after purchasing an additional 22 shares during the last quarter. Finally, LLBH Private Wealth Management LLC increased its stake in shares of Wal-Mart Stores by 0.3% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 30.19% 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.

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

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.