British Airways Pensions Investment Management Ltd decreased its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 445,775 shares of the retailer’s stock after selling 5,486 shares during the quarter. British Airways Pensions Investment Management Ltd’s holdings in Wal-Mart Stores were worth $33,717,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of WMT. Waldron LP bought a new stake in Wal-Mart Stores during the first quarter valued at $313,000. Paragon Capital Management Ltd bought a new stake in Wal-Mart Stores during the first quarter valued at $201,000. Nikko Asset Management Americas Inc. boosted its position in Wal-Mart Stores by 20.6% during the first quarter. Nikko Asset Management Americas Inc. now owns 10,549 shares of the retailer’s stock valued at $760,000 after acquiring an additional 1,800 shares during the last quarter. Parsec Financial Management Inc. boosted its position in Wal-Mart Stores by 1.2% during the first quarter. Parsec Financial Management Inc. now owns 186,472 shares of the retailer’s stock valued at $13,441,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Gamble Jones Investment Counsel boosted its position in Wal-Mart Stores by 1.0% during the first quarter. Gamble Jones Investment Counsel now owns 35,580 shares of the retailer’s stock valued at $2,565,000 after acquiring an additional 345 shares during the last quarter. 30.19% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “British Airways Pensions Investment Management Ltd Has $33.72 Million Position in Wal-Mart Stores, Inc. (WMT)” was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/10/12/british-airways-pensions-investment-management-ltd-has-33-72-million-position-in-wal-mart-stores-inc-wmt.html.
A number of equities analysts have recently issued reports on WMT shares. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Friday, August 11th. Cowen and Company set a $86.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, August 7th. BidaskClub raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a research report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price of $82.91.
Wal-Mart Stores, Inc. (WMT) opened at 85.73 on Thursday. The firm has a 50 day moving average of $79.62 and a 200-day moving average of $77.38. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $86.29. The stock has a market cap of $256.09 billion, a PE ratio of 20.60 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the business earned $1.07 earnings per share. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has approved a stock buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, insider Jacqueline P. Canney sold 1,586 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the sale, the insider now owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock worth $785,676,492. Insiders own 51.39% of the company’s stock.
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.
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.