Wal-Mart Stores, Inc. (NYSE:WMT) Position Raised by Whittier Trust Co.
Whittier Trust Co. raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,590 shares of the retailer’s stock after buying an additional 369 shares during the period. Whittier Trust Co.’s holdings in Wal-Mart Stores were worth $5,569,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TrimTabs Asset Management LLC increased its position in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. increased its position in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. High Point Bank & Trust Co. increased its position in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock worth $136,000 after buying an additional 820 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its position in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.44% during midday trading on Tuesday, hitting $81.64. The stock had a trading volume of 2,468,047 shares. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.67. The firm has a market cap of $246.10 billion, a price-to-earnings ratio of 18.54 and a beta of 0.29. The company’s 50-day moving average price is $76.55 and its 200-day moving average price is $73.51. Wal-Mart Stores also saw some unusual options trading on Monday. Investors bought 5,107 put options on the company. This represents an increase of approximately 351% compared to the typical volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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A number of research firms recently issued reports on WMT. Vetr downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price target on the stock. in a research note on Monday, June 19th. Jefferies Group LLC raised their price target on Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Royal Bank Of Canada restated a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, May 2nd. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Morgan Stanley set a $77.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Monday, May 29th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $78.86.
In other news, insider Jacqueline P. Canney sold 1,322 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the completion of the sale, the insider now owns 23,854 shares in the company, valued at $1,878,502.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Cheesewright sold 25,729 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. Insiders have sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 in the last quarter. Insiders own 51.39% 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 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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