Security National Bank of SO Dak increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,305 shares of the retailer’s stock after buying an additional 386 shares during the period. Security National Bank of SO Dak’s holdings in Wal-Mart Stores were worth $1,103,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA raised its position in Wal-Mart Stores by 4.6% in the first quarter. Security National Bank of Sioux City Iowa IA now owns 14,276 shares of the retailer’s stock worth $1,029,000 after buying an additional 629 shares during the last quarter. Farmhouse Investment Management LLC bought a new position in Wal-Mart Stores during the first quarter worth $207,000. Flagship Harbor Advisors LLC raised its position in Wal-Mart Stores by 5.5% in the first quarter. Flagship Harbor Advisors LLC now owns 4,863 shares of the retailer’s stock worth $351,000 after buying an additional 252 shares during the last quarter. PVG Asset Management Corp bought a new position in Wal-Mart Stores during the first quarter worth $1,539,000. Finally, Westover Capital Advisors LLC raised its position in Wal-Mart Stores by 27.1% in the first quarter. Westover Capital Advisors LLC now owns 29,001 shares of the retailer’s stock worth $2,090,000 after buying an additional 6,189 shares during the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.32% on Friday, reaching $80.40. The company had a trading volume of 7,905,495 shares. The stock has a market capitalization of $242.37 billion, a PE ratio of 18.26 and a beta of 0.29. The stock has a 50 day moving average price of $77.44 and a 200 day moving average price of $74.15. 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 released 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 firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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A number of research firms have weighed in on WMT. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Friday. Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a research note on Friday. 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. Finally, Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the company a “sell” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.40.
In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,157,500 shares of Wal-Mart Stores stock in a transaction on Friday, May 26th. The shares were sold at an average price of $78.06, for a total transaction of $90,354,450.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $526,794,154.80. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 over the last ninety days. 51.39% of the stock is owned by corporate insiders.
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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