Baker Ellis Asset Management LLC cut its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,073 shares of the retailer’s stock after selling 30 shares during the period. Baker Ellis Asset Management LLC’s holdings in Wal-Mart Stores were worth $1,591,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Usca Ria LLC raised its position in shares of Wal-Mart Stores by 1.9% in the third quarter. Usca Ria LLC now owns 100,445 shares of the retailer’s stock worth $7,244,000 after buying an additional 1,888 shares during the period. HBK Sorce Advisory LLC raised its position in shares of Wal-Mart Stores by 7.0% in the third quarter. HBK Sorce Advisory LLC now owns 15,527 shares of the retailer’s stock worth $1,120,000 after buying an additional 1,022 shares during the last quarter. Nuveen Fund Advisors LLC raised its position in shares of Wal-Mart Stores by 16.4% in the third quarter. Nuveen Fund Advisors LLC now owns 43,022 shares of the retailer’s stock worth $3,103,000 after buying an additional 6,075 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Wal-Mart Stores during the third quarter worth about $262,122,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Wal-Mart Stores during the third quarter worth about $4,599,000. Institutional investors and hedge funds own 30.15% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) opened at 75.24 on Friday. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $80.47. The company has a market capitalization of $226.81 billion, a price-to-earnings ratio of 17.08 and a beta of 0.30. The company’s 50-day moving average is $77.60 and its 200-day moving average is $72.06. Wal-Mart Stores also saw unusually large options trading activity on Friday. Traders bought 9,731 call options on the stock. This is an increase of 278% compared to the average daily volume of 2,572 call options.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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Several research firms recently issued reports on WMT. Cowen and Company reiterated an “outperform” rating and set a $86.00 price target (up previously from $83.00) on shares of Wal-Mart Stores in a research report on Monday, June 5th. Vetr lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $82.17 price target on the stock. in a research report on Thursday, June 1st. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Deutsche Bank AG reissued a “hold” rating and issued a $81.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $88.00 price objective on shares of Wal-Mart Stores in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $78.80.
In other news, major shareholder Alice L. Walton sold 1,157,500 shares of Wal-Mart Stores stock in a transaction on Friday, May 26th. The stock was sold at an average price of $78.06, for a total transaction of $90,354,450.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $526,794,154.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of Wal-Mart Stores stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $530,775,817. The disclosure for this sale can be found here. Insiders have sold 22,980,991 shares of company stock valued at $1,814,159,476 over the last ninety days. 51.39% of the stock is owned by insiders.
Wal-Mart Stores Company 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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