VNBTrust National Association Acquires 116 Shares of Wal-Mart Stores Inc. (WMT)
VNBTrust National Association raised its position in Wal-Mart Stores Inc. (NYSE:WMT) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,497 shares of the retailer’s stock after buying an additional 116 shares during the period. VNBTrust National Association’s holdings in Wal-Mart Stores were worth $401,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in WMT. Fisher Asset Management LLC boosted its position in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock worth $365,175,000 after buying an additional 4,652,393 shares during the last quarter. Bank of Montreal Can purchased a new position in Wal-Mart Stores during the second quarter worth $309,966,000. State Street Corp raised its position in Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock worth $4,903,327,000 after buying an additional 1,726,468 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Wal-Mart Stores during the first quarter worth $85,821,000. Finally, Canada Pension Plan Investment Board raised its position in Wal-Mart Stores by 156.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,743,334 shares of the retailer’s stock worth $119,401,000 after buying an additional 1,062,855 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.10% during trading on Wednesday, reaching $67.46. 8,937,889 shares of the company were exchanged. The stock has a market capitalization of $208.67 billion, a P/E ratio of 14.52 and a beta of 0.20. Wal-Mart Stores Inc. has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a 50-day moving average of $71.48 and a 200 day moving average of $70.97.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $119.33 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Buckingham Research reissued a “neutral” rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. JPMorgan Chase & Co. set a $75.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Friday, August 19th. Morgan Stanley set a $76.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Friday, August 19th. Royal Bank Of Canada boosted their price objective on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Friday, August 19th. Finally, Stephens set a $73.00 price objective on shares of Wal-Mart Stores and gave the company a “hold” rating in a research report on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given 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 $74.93.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction 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 completion of the transaction, the insider now directly owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.
About Wal-Mart Stores
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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