Wal-Mart to give pay raises to most of its workers

Wal-Mart declined to provide the average hourly wages for Sam’s Club workers. It has underperformed the S&P500 by 4.16%. The mean of all analyst targets is $67.55 which is 11.41% above today’s ($60.63) stock price.

Those wages for Wal-Mart stores are still below the $14.95 average that hourly retail workers in a non-supervisory role earn, according to government data that includes people who work at auto dealers and other outlets that would likely pay more than discounters like Wal-Mart. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $67.77 price objective for the company in a report on Monday, January 11th.

Other equities research analysts also recently issued research reports about the stock. Credit Suisse downgraded the rating on October 15. The company now has a consensus rating of “Hold” and a consensus price target of $65.42. It’s up 0.01, from 0.99 in 2015Q2.

The Wal Mart store in Redwater opened in the early days of January 2015, creating an intense competition for local grocery store, Delaughter’s, causing its closing shortly after the arrival of this giant retailer; and a year later Wal-Mart announced the closing of their location in Redwater, announcing the store will close on January 28. Wal-Mart Stores has a 1-year low of $56.30 and a 1-year high of $89.26.

“We want to make sure we’re rewarding associates in a way that’s fair and consistent and transparent”. General Re New England Asset Management Inc, a Connecticut-based fund reported 7.36 million shares owned.

Wal-Mart Stores Inc. will give almost all of its hourly store employees a pay raise next month and not just minimum wage earners, an attempt by the country’s largest private employer to combat a tighter labor market and chronic turnover. Wal-Mart Stores, Inc. The stock has a market capitalization of $194.80 billion and a P/E ratio of 13.03. The companyÂ’s stores offer meat, produce, deli, bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, and floral and dry grocery; health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; electronics, toys, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid services, movies, music, video games, and books; and pharmacy, optical, over-the-counter drugs, and clinical services. The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club.