VNBTrust National Association purchased a new position in shares of Wal-Mart Stores Inc (NYSE:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,331 shares of the retailer’s stock, valued at approximately $230,000.
Other hedge funds have also modified their holdings of the company. Thompson Davis & CO. Inc. lifted its position 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 lifted its position 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. Almanack Investment Partners LLC. purchased a new position in shares of Wal-Mart Stores in the second quarter valued at approximately $149,000. Cable Hill Partners LLC lifted its position in shares of Wal-Mart Stores by 8,165.4% in the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Wal-Mart Stores in the third quarter valued at approximately $183,000. Institutional investors own 30.45% of the company’s stock.
In other Wal-Mart Stores news, 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 transaction of $200,284.35. Following the completion of the sale, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is owned by insiders.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. equities analysts expect that Wal-Mart Stores Inc will post 4.44 EPS for the current year.
Several research firms have recently weighed in on WMT. Goldman Sachs Group downgraded Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, November 20th. They noted that the move was a valuation call. Barclays raised their target price on Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Vetr downgraded Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price on the stock. in a research report on Friday, November 17th. Finally, Cowen set a $120.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Thursday, February 8th. Seventeen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Buy” and an average price target of $100.30.
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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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