Wolfe Research upgraded shares of Wal-Mart Stores (NYSE:WMT) from an underperform rating to a market perform rating in a report published on Wednesday, The Fly reports.

Several other brokerages also recently issued reports on WMT. Vetr downgraded Wal-Mart Stores from a hold rating to a sell rating and set a $91.97 price target for the company. in a report on Friday, November 17th. Telsey Advisory Group lowered their target price on Wal-Mart Stores from $108.00 to $96.00 and set an outperform rating for the company in a research note on Friday, November 17th. Royal Bank of Canada raised their target price on Wal-Mart Stores from $83.00 to $92.00 and gave the company an underperform rating in a research note on Friday, November 17th. Morgan Stanley raised their target price on Wal-Mart Stores from $90.00 to $92.00 and gave the company an equal weight rating in a research note on Friday, November 17th. Finally, BMO Capital Markets raised their target price on Wal-Mart Stores from $91.00 to $99.00 and gave the company a market perform rating in a research note on Friday, November 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of Hold and a consensus target price of $95.78.

Shares of Wal-Mart Stores (WMT) opened at $98.21 on Wednesday. Wal-Mart Stores has a twelve month low of $65.28 and a twelve month high of $100.13. The stock has a market capitalization of $291,380.00, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.61 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same period in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that Wal-Mart Stores will post 4.43 earnings per share for the current year.

Wal-Mart Stores declared that its board has approved a share buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares in the company, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. Insiders sold 14,421,174 shares of company stock valued at $1,366,398,832 over the last quarter. Insiders own 51.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after buying an additional 10 shares during the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after buying an additional 22 shares during the last quarter. LLBH Private Wealth Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after buying an additional 24 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after buying an additional 24 shares during the last quarter. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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