British Airways Pensions Investment Management Ltd Has $33.72 Million Position in Wal-Mart Stores, Inc. (WMT)

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.

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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.

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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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