Patriot Wealth Management Inc. Has $2.90 Million Holdings in Wal-Mart Stores Inc (WMT)

Patriot Wealth Management Inc. reduced its position in Wal-Mart Stores Inc (NYSE:WMT) by 47.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,377 shares of the retailer’s stock after selling 26,782 shares during the period. Patriot Wealth Management Inc.’s holdings in Wal-Mart Stores were worth $2,901,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WMT. FMR LLC boosted its position in Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. boosted its position in Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after buying an additional 1,689,364 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after buying an additional 1,324,722 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Wal-Mart Stores by 128.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after buying an additional 1,158,519 shares during the last quarter. 30.45% of the stock is owned by institutional investors.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,900,679 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 6,748,580 shares in the company, valued at $660,146,095.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the completion of the sale, the insider now owns 121,457 shares in the company, valued at approximately $11,764,325.02. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 in the last 90 days. 51.39% of the stock is owned by company insiders.

WMT has been the subject of a number of analyst reports. Jefferies Group set a $105.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 13th. Barclays set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Wednesday, October 18th. Finally, Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, November 22nd. Seventeen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Buy” and a consensus target price of $100.30.

Wal-Mart Stores Inc (NYSE WMT) opened at $101.70 on Thursday. Wal-Mart Stores Inc has a twelve month low of $67.76 and a twelve month high of $109.98. The stock has a market cap of $301,270.00, a PE ratio of 27.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter last year, the business earned $0.98 earnings per share. Wal-Mart Stores’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Wal-Mart Stores Inc will post 4.44 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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