Bollard Group LLC Raises Stake in Wal-Mart Stores, Inc. (NYSE:WMT)
Bollard Group LLC boosted its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 21,439 shares of the retailer’s stock after buying an additional 292 shares during the period. Bollard Group LLC’s holdings in Wal-Mart Stores were worth $1,622,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. boosted its stake in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after buying an additional 31,436 shares during the last quarter. British Columbia Investment Management Corp boosted its stake in Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock valued at $57,359,000 after buying an additional 209,619 shares during the last quarter. Davis R M Inc. purchased a new stake in Wal-Mart Stores during the first quarter valued at $249,000. Cohen Lawrence B boosted its stake in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock valued at $436,000 after buying an additional 25 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Wal-Mart Stores by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 3,251,918 shares of the retailer’s stock valued at $224,773,000 after buying an additional 35,845 shares during the last quarter. 30.09% of the stock is owned by institutional investors and hedge funds.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.78% during midday trading on Monday, hitting $81.11. The company’s stock had a trading volume of 1,874,872 shares. The company has a market cap of $244.51 billion, a PE ratio of 18.42 and a beta of 0.29. The stock has a 50 day moving average of $76.55 and a 200 day moving average of $73.51. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.25.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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Several analysts recently weighed in on WMT shares. Gordon Haskett started coverage on Wal-Mart Stores in a report on Tuesday, May 9th. They set a “buy” rating and a $90.00 price target for the company. Goldman Sachs Group, Inc. (The) set a $84.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Robert W. Baird set a $85.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, May 31st. Deutsche Bank AG lifted their price target on Wal-Mart Stores from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, Vetr cut Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $79.40 price target for the company. in a report on Monday, May 8th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.86.
In other news, major shareholder Jim C. Walton sold 1,455,636 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $78.34, for a total transaction of $114,034,524.24. Following the transaction, the insider now directly owns 10,507,224 shares of the company’s stock, valued at $823,135,928.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock worth $1,816,131,604 over the last ninety days. Insiders own 51.39% 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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