TCI Wealth Advisors Inc. Has $463,000 Position in Wal-Mart Stores Inc. (WMT)
TCI Wealth Advisors Inc. boosted its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 18.9% during the second quarter, Holdings Channel reports. The fund owned 6,337 shares of the retailer’s stock after buying an additional 1,007 shares during the period. TCI Wealth Advisors Inc.’s holdings in Wal-Mart Stores were worth $463,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its position in Wal-Mart Stores by 19.6% in the first quarter. Koshinski Asset Management Inc. now owns 5,542 shares of the retailer’s stock worth $390,000 after buying an additional 907 shares in the last quarter. TNB Financial boosted its position in Wal-Mart Stores by 9.7% in the first quarter. TNB Financial now owns 26,080 shares of the retailer’s stock worth $1,786,000 after buying an additional 2,303 shares in the last quarter. Quotient Investors LLC boosted its position in Wal-Mart Stores by 14.2% in the first quarter. Quotient Investors LLC now owns 9,572 shares of the retailer’s stock worth $656,000 after buying an additional 1,192 shares in the last quarter. Berkshire Asset Management LLC PA boosted its position in Wal-Mart Stores by 8.0% in the first quarter. Berkshire Asset Management LLC PA now owns 90,115 shares of the retailer’s stock worth $6,172,000 after buying an additional 6,637 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in Wal-Mart Stores by 63.1% in the first quarter. Brookstone Capital Management now owns 48,309 shares of the retailer’s stock worth $3,310,000 after buying an additional 18,686 shares in the last quarter. 29.55% of the stock is owned by institutional investors.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.42% on Friday, hitting $72.57. 4,541,680 shares of the company were exchanged. Wal-Mart Stores Inc. has a 52-week low of $56.30 and a 52-week high of $75.19. The company has a 50-day moving average price of $72.47 and a 200 day moving average price of $70.66. The firm has a market cap of $224.48 billion, a P/E ratio of 15.62 and a beta of 0.22.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The company had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
A number of research analysts have issued reports on WMT shares. Credit Suisse Group AG began coverage on shares of Wal-Mart Stores in a report on Friday, September 16th. They issued an “outperform” rating and a $80.00 price target for the company. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Wal-Mart Stores in a report on Monday, June 6th. Royal Bank Of Canada raised their target price on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Friday, August 19th. Finally, Jefferies Group reissued a “buy” rating and set a $85.00 target price (up previously from $82.00) on shares of Wal-Mart Stores in a report on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.78.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the sale, the insider now directly owns 29,464 shares in the company, valued at $2,105,497.44. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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