Daiwa Securities Group Inc. decreased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 83,910 shares of the retailer’s stock after selling 3,430 shares during the period. Daiwa Securities Group Inc.’s holdings in Wal-Mart Stores were worth $6,048,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in Wal-Mart Stores by 1.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 847,595 shares of the retailer’s stock worth $60,995,000 after buying an additional 9,784 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its position in Wal-Mart Stores by 0.4% in the first quarter. Canandaigua National Bank & Trust Co. now owns 14,054 shares of the retailer’s stock worth $1,012,000 after buying an additional 57 shares during the last quarter. FTB Advisors Inc. boosted its position in Wal-Mart Stores by 38.0% in the first quarter. FTB Advisors Inc. now owns 112,708 shares of the retailer’s stock worth $8,201,000 after buying an additional 31,059 shares during the last quarter. Flinton Capital Management LLC boosted its position in Wal-Mart Stores by 4.6% in the first quarter. Flinton Capital Management LLC now owns 1,060,664 shares of the retailer’s stock worth $76,453,000 after buying an additional 46,376 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after buying an additional 256,833 shares during the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.38% during trading on Tuesday, hitting $81.59. The stock had a trading volume of 7,379,605 shares. The firm has a market cap of $245.95 billion, a price-to-earnings ratio of 18.53 and a beta of 0.29. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.86. The stock has a 50-day moving average of $76.55 and a 200 day moving average of $73.51. Wal-Mart Stores also was the target of unusually large options trading on Monday. Stock investors bought 5,107 put options on the stock. This is an increase of approximately 351% compared to the average daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. Wal-Mart Stores’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, analysts predict that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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WMT has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Tuesday, April 25th. MKM Partners restated a “neutral” rating and set a $77.00 price objective (up previously from $72.00) on shares of Wal-Mart Stores in a report on Wednesday, April 26th. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $78.86.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,576,324 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $530,775,817. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jim C. Walton sold 3,278,735 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock valued at $1,816,131,604 in the last ninety days. Insiders own 51.39% of the company’s stock.
About Wal-Mart Stores
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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