Wal-Mart Stores Inc. (WMT) Shares Bought by Patriot Wealth Management Inc.
Patriot Wealth Management Inc. raised its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,503 shares of the retailer’s stock after buying an additional 1,292 shares during the period. Patriot Wealth Management Inc.’s holdings in Wal-Mart Stores were worth $3,980,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vigilant Capital Management LLC raised its stake 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 valued at $100,000 after buying an additional 1,270 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Wal-Mart Stores during the second quarter valued at $106,000. Piershale Financial Group Inc. raised its stake 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 valued at $117,000 after buying an additional 10 shares in the last quarter. Trust Department MB Financial Bank N A raised its stake 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 valued at $143,000 after buying an additional 639 shares in the last quarter. Finally, Kanaly Trust Co raised its stake 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 valued at $165,000 after buying an additional 489 shares in the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 1.05% on Monday, reaching $67.98. 8,981,621 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $71.77 and its 200 day moving average price is $70.95. The company has a market cap of $210.28 billion, a price-to-earnings ratio of 14.64 and a beta of 0.20. Wal-Mart Stores Inc. has a 12 month low of $56.30 and a 12 month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same period in the previous year, the business earned $1.08 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Jefferies Group set a $86.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $77.00 target price (up from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Royal Bank Of Canada lowered their target price on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a report on Friday. Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, Vetr lowered Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $76.24 target price for the company. in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $75.29.
In related news, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the transaction, the insider now owns 29,464 shares in the company, valued at approximately $2,105,497.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the company’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 completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $488,664,677.80. The disclosure for this sale can be found here. 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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