WealthTrust Axiom LLC trimmed its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 11.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,415 shares of the retailer’s stock after selling 550 shares during the period. WealthTrust Axiom LLC’s holdings in Wal-Mart Stores were worth $334,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WMT. Canada Pension Plan Investment Board lifted its stake in shares of Wal-Mart Stores by 161.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after purchasing an additional 2,035,800 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Wal-Mart Stores in the 1st quarter valued at approximately $111,777,000. Swiss National Bank lifted its stake in shares of Wal-Mart Stores by 24.3% in the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after purchasing an additional 1,188,400 shares during the last quarter. State Street Corp lifted its stake in shares of Wal-Mart Stores by 1.2% in the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after purchasing an additional 854,010 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Wal-Mart Stores by 10.3% in the 2nd quarter. Fisher Asset Management LLC now owns 5,853,675 shares of the retailer’s stock valued at $443,006,000 after purchasing an additional 544,692 shares during the last quarter. 30.19% of the stock is owned by institutional investors and hedge funds.
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In other news, Director S Robson Walton sold 129,628 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the sale, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total value of $158,940,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $536,309,652.60. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock worth $785,676,492 over the last 90 days. 51.39% of the stock is owned by insiders.
Several research firms have recently issued reports on WMT. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. began coverage on Wal-Mart Stores in a research note on Tuesday. They issued a “buy” rating and a $90.00 price objective for the company. Finally, BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.98.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 84.13 on Wednesday. The company has a market capitalization of $251.31 billion, a price-to-earnings ratio of 20.21 and a beta of 0.29. The firm’s 50-day moving average price is $79.46 and its 200-day moving average price is $77.32. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $84.88.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current 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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