Shelter Ins Retirement Plan Has $9,516,000 Position in Wal-Mart Stores Inc. (WMT)
Shelter Ins Retirement Plan maintained its position in Wal-Mart Stores Inc. (NYSE:WMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,324 shares of the retailer’s stock at the end of the second quarter. Wal-Mart Stores comprises 4.3% of Shelter Ins Retirement Plan’s portfolio, making the stock its 4th largest position. Shelter Ins Retirement Plan’s holdings in Wal-Mart Stores were worth $9,516,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in shares of Wal-Mart Stores by 29.0% in the first quarter. Stratos Wealth Partners LTD. now owns 13,538 shares of the retailer’s stock worth $927,000 after buying an additional 3,047 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Wal-Mart Stores by 22.2% in the first quarter. Teachers Advisors Inc. now owns 2,513,217 shares of the retailer’s stock worth $172,130,000 after buying an additional 457,407 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Wal-Mart Stores by 5.2% in the first quarter. TIAA CREF Investment Management LLC now owns 6,087,679 shares of the retailer’s stock worth $416,945,000 after buying an additional 298,317 shares during the period. Ngam Advisors L.P. boosted its stake in shares of Wal-Mart Stores by 16.6% in the first quarter. Ngam Advisors L.P. now owns 90,424 shares of the retailer’s stock worth $6,193,000 after buying an additional 12,857 shares during the period. Finally, Shanda Payment Holdings Ltd. boosted its stake in shares of Wal-Mart Stores by 33.4% in the first quarter. Shanda Payment Holdings Ltd. now owns 195,706 shares of the retailer’s stock worth $13,404,000 after buying an additional 49,000 shares during the period. 29.55% of the stock is owned by institutional investors and hedge funds.
Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.32% during trading on Friday, hitting $68.45. 6,416,018 shares of the company were exchanged. The stock has a market capitalization of $211.73 billion, a PE ratio of 14.74 and a beta of 0.20. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The firm’s 50 day moving average price is $71.16 and its 200-day moving average price is $70.93.
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. The firm earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Equities analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
A number of brokerages have recently issued reports on WMT. Jefferies Group set a $86.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $77.00 price objective (up previously from $68.00) on shares of Wal-Mart Stores in a research note on Tuesday, August 2nd. Royal Bank Of Canada cut their price objective on shares of Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a research note on Friday, October 7th. Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Finally, BMO Capital Markets cut their price objective on shares of Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued 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 $74.93.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the transaction, the insider now directly owns 10,507,127 shares in the company, valued at $767,230,413.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company 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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