Heritage Investors Management Corp trimmed its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,518 shares of the retailer’s stock after selling 1,330 shares during the period. Heritage Investors Management Corp’s holdings in Wal-Mart Stores were worth $17,900,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in WMT. TrimTabs Asset Management LLC lifted its position in Wal-Mart Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Wal-Mart Stores by 75.2% during the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in Wal-Mart Stores by 7.2% during the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock valued at $180,000 after buying an additional 169 shares in the last quarter. Alexandria Capital LLC lifted its position in Wal-Mart Stores by 0.9% during the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares in the last quarter. Finally, Paragon Capital Management Ltd acquired a new position in Wal-Mart Stores during the first quarter valued at approximately $201,000. 30.19% of the stock is currently owned by hedge funds and other institutional investors.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 1,652,342 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $79.35, for a total transaction of $131,113,337.70. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $535,499,823. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,948,971 shares of company stock valued at $628,583,326. 51.39% of the stock is owned by insiders.
A number of brokerages have weighed in on WMT. Robert W. Baird reaffirmed a “buy” rating and set a $85.00 price target on shares of Wal-Mart Stores in a research report on Sunday. KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research report on Tuesday. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “market weight” rating on shares of Wal-Mart Stores in a research report on Thursday, September 14th. Finally, Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $80.25.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.68% during trading on Thursday, hitting $79.95. 2,082,030 shares of the stock traded hands. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The firm’s 50-day moving average price is $79.87 and its 200-day moving average price is $76.28. The company has a market cap of $238.83 billion, a price-to-earnings ratio of 20.40 and a beta of 0.30. Wal-Mart Stores also was the recipient of some unusual options trading activity on Monday. Stock traders acquired 5,107 put options on the stock. This represents an increase of approximately 351% compared to the typical volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.
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Wal-Mart Stores 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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