Wal-Mart Stores Inc. (WMT) Position Raised by WESPAC Advisors LLC
WESPAC Advisors LLC raised its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,530 shares of the retailer’s stock after buying an additional 1,400 shares during the period. WESPAC Advisors LLC’s holdings in Wal-Mart Stores were worth $696,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vigilant Capital Management LLC raised its position in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Wal-Mart Stores during the second quarter valued at approximately $106,000. Piershale Financial Group Inc. raised its position in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the last quarter. Trust Department MB Financial Bank N A raised its position in Wal-Mart Stores by 46.5% in the second quarter. Trust Department MB Financial Bank N A now owns 2,014 shares of the retailer’s stock valued at $143,000 after buying an additional 639 shares during the last quarter. Finally, Kanaly Trust Co raised its position in Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock valued at $165,000 after buying an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 29.55% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.95% during midday trading on Friday, hitting $68.70. The stock had a trading volume of 12,653,847 shares. The stock has a market capitalization of $212.51 billion, a price-to-earnings ratio of 14.79 and a beta of 0.20. The stock has a 50 day moving average price of $71.77 and a 200-day moving average price of $70.95. Wal-Mart Stores Inc. has a 52 week low of $56.30 and a 52 week high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The company had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.
Several research firms recently commented on WMT. Royal Bank Of Canada upped their target price on Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Friday, August 19th. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, August 9th. Bank of America Corp. restated a “neutral” rating and set a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Telsey Advisory Group raised their price objective on Wal-Mart Stores from $71.00 to $78.00 and gave the stock a “market perform” rating in a report on Friday, August 19th. Finally, Morgan Stanley set a $76.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $75.59.
In related news, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction that occurred on 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 approximately $2,105,497.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total value of $250,134,435.72. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% 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 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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