Wal-Mart Stores (WMT) PT Set at $115.00 by Goldman Sachs Group

Goldman Sachs Group set a $115.00 price objective on Wal-Mart Stores (NYSE:WMT) in a report published on Tuesday morning. The firm currently has a neutral rating on the retailer’s stock.

Several other brokerages have also weighed in on WMT. CIBC lowered their price objective on Wal-Mart Stores from $100.00 to $90.00 and set an outperform rating for the company in a research report on Wednesday, November 15th. Vetr upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $104.38 price objective for the company in a research report on Wednesday, January 10th. Telsey Advisory Group lowered their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an outperform rating for the company in a research report on Friday, November 17th. Citigroup upgraded Wal-Mart Stores from a neutral rating to a buy rating and increased their price objective for the stock from $106.00 to $117.00 in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada upgraded Wal-Mart Stores from an underperform rating to a sector perform rating and set a $96.00 price objective for the company in a research report on Wednesday, November 29th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $99.44.

Shares of Wal-Mart Stores (WMT) opened at $104.59 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The stock has a market capitalization of $308,976.47, a P/E ratio of 27.82, a PEG ratio of 4.12 and a beta of 0.37. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $104.94.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business 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 business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. sell-side analysts predict that Wal-Mart Stores will post 4.44 EPS for the current fiscal 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 shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the completion of the transaction, the insider now directly owns 121,457 shares in the company, valued at $11,764,325.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Company insiders own 51.39% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Winfield Associates Inc. raised its stake 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 acquiring an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake 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 acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake 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 acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC raised 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 valued at $139,000 after acquiring an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 30.58% 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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