Wal-Mart Stores (WMT) Coverage Initiated at Moffett Nathanson

Equities research analysts at Moffett Nathanson initiated coverage on shares of Wal-Mart Stores (NYSE:WMT) in a research report issued to clients and investors on Monday. The brokerage set a “neutral” rating on the retailer’s stock.

Several other equities analysts have also recently commented on the company. Royal Bank Of Canada upgraded Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 target price for the company in a research report on Wednesday, November 29th. Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price for the company in a research report on Monday, November 27th. Cowen restated a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research report on Wednesday, November 22nd. Barclays restated a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $92.68.

Wal-Mart Stores (NYSE:WMT) opened at $97.83 on Monday. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $100.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The company has a market capitalization of $289,840.00, a PE ratio of 22.23, a P/E/G ratio of 3.59 and a beta of 0.37.

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

Wal-Mart Stores announced that its board has authorized a share repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, Director S Robson Walton sold 1,043,722 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $97.61, for a total value of $101,877,704.42. Following the completion of the sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $326,511,794.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last three months, insiders sold 12,554,472 shares of company stock valued at $1,184,474,992. 51.39% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Peddock Capital Advisors LLC raised its position in Wal-Mart Stores by 13.9% during the 1st quarter. Peddock Capital Advisors LLC now owns 8,601 shares of the retailer’s stock valued at $620,000 after purchasing an additional 1,047 shares during the last quarter. Denver Investment Advisors LLC raised its position in Wal-Mart Stores by 0.7% during the 1st quarter. Denver Investment Advisors LLC now owns 33,203 shares of the retailer’s stock valued at $2,393,000 after purchasing an additional 240 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Wal-Mart Stores by 36.6% during the 1st quarter. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer’s stock valued at $1,237,000 after purchasing an additional 4,605 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Wal-Mart Stores by 29.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,703 shares of the retailer’s stock worth $8,052,000 after acquiring an additional 25,380 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Wal-Mart Stores by 1.2% during the 1st quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock worth $595,995,000 after acquiring an additional 99,921 shares during the period. 30.40% of the stock is owned by institutional investors.

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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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