Metropolitan Life Insurance Co. NY lowered its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 749,915 shares of the retailer’s stock after selling 11,655 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Wal-Mart Stores were worth $54,054,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. PVG Asset Management Corp bought a new position in Wal-Mart Stores in the first quarter worth approximately $1,539,000. Westover Capital Advisors LLC lifted its holdings in shares of Wal-Mart Stores by 27.1% in the first quarter. Westover Capital Advisors LLC now owns 29,001 shares of the retailer’s stock valued at $2,090,000 after purchasing an additional 6,189 shares in the last quarter. Marketfield Asset Management LLC bought a new position in shares of Wal-Mart Stores in the first quarter valued at approximately $8,103,000. Shelton Capital Management lifted its holdings in shares of Wal-Mart Stores by 23.7% in the first quarter. Shelton Capital Management now owns 81,401 shares of the retailer’s stock valued at $5,867,000 after purchasing an additional 15,578 shares in the last quarter. Finally, National Asset Management Inc. lifted its holdings in shares of Wal-Mart Stores by 4.1% in the first quarter. National Asset Management Inc. now owns 9,599 shares of the retailer’s stock valued at $693,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 30.21% of the company’s stock.
In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,652,342 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was 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 directly owns 6,748,580 shares of the company’s stock, valued at approximately $535,499,823. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,948,971 shares of company stock valued at $628,583,326. 51.39% of the stock is owned by insiders.
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WMT has been the topic of a number of recent research reports. Robert W. Baird set a $80.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, May 15th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 target price on the stock in a report on Monday, May 15th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Saturday, May 20th. Credit Suisse Group restated a “buy” rating and issued a $80.00 target price on shares of Wal-Mart Stores in a report on Friday, May 19th. Finally, BidaskClub lowered Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.25.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.42% during midday trading on Monday, reaching $79.21. The company had a trading volume of 2,361,551 shares. The firm has a 50-day moving average price of $79.72 and a 200-day moving average price of $75.84. The company has a market capitalization of $238.26 billion, a price-to-earnings ratio of 19.03 and a beta of 0.30. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $121.86 billion. During the same quarter last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
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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