WealthTrust Axiom LLC Lowers Stake in Wal-Mart Stores Inc. (WMT)
WealthTrust Axiom LLC decreased its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,115 shares of the retailer’s stock after selling 350 shares during the period. WealthTrust Axiom LLC’s holdings in Wal-Mart Stores were worth $373,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. Vigilant Capital Management LLC boosted its position in shares of 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 worth $100,000 after buying an additional 1,270 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Wal-Mart Stores during the second quarter worth approximately $106,000. Piershale Financial Group Inc. boosted its position in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in shares of 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 worth $143,000 after buying an additional 639 shares in the last quarter. Finally, Kanaly Trust Co boosted its position in shares of Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock worth $165,000 after buying an additional 489 shares in the last quarter. 29.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.95% during mid-day trading on Friday, hitting $68.70. The company had a trading volume of 12,653,847 shares. The company has a market capitalization of $212.51 billion, a price-to-earnings ratio of 14.79 and a beta of 0.20. The company 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 1-year low of $56.30 and a 1-year high of $75.19.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
A number of brokerages recently issued reports on WMT. Jefferies Group set a $85.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, August 9th. Nomura reissued a “buy” rating and set a $81.00 price objective on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price objective on the stock in a report on Monday, June 13th. Finally, Guggenheim began coverage on Wal-Mart Stores in a report on Friday, September 30th. They set a “buy” rating and a $82.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $75.59.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $488,664,677.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. 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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