Good Life Advisors LLC Increases Position in Wal-Mart Stores, Inc. (NYSE:WMT)
Good Life Advisors LLC boosted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 35.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,054 shares of the retailer’s stock after buying an additional 1,836 shares during the period. Good Life Advisors LLC’s holdings in Wal-Mart Stores were worth $506,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,766,434 shares of the retailer’s stock worth $199,405,000 after buying an additional 31,287 shares during the period. InterOcean Capital LLC boosted its stake in shares of Wal-Mart Stores by 27.5% in the first quarter. InterOcean Capital LLC now owns 214,977 shares of the retailer’s stock worth $15,496,000 after buying an additional 46,345 shares during the period. Comerica Securities Inc. boosted its stake in shares of Wal-Mart Stores by 93.4% in the first quarter. Comerica Securities Inc. now owns 18,029 shares of the retailer’s stock worth $1,300,000 after buying an additional 8,705 shares during the period. Argent Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1.6% in the first quarter. Argent Capital Management LLC now owns 162,781 shares of the retailer’s stock worth $11,733,000 after buying an additional 2,624 shares during the period. Finally, Empirical Finance LLC boosted its stake in shares of Wal-Mart Stores by 1,096.0% in the first quarter. Empirical Finance LLC now owns 17,007 shares of the retailer’s stock worth $1,225,000 after buying an additional 15,585 shares during the period. 30.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (WMT) traded up 0.21% on Wednesday, hitting $81.25. The stock had a trading volume of 1,214,825 shares. The company has a market cap of $244.93 billion, a P/E ratio of 18.45 and a beta of 0.29. The company has a 50-day moving average of $76.65 and a 200-day moving average of $73.67. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.76. Wal-Mart Stores also saw unusually large options trading activity on Monday. Stock investors bought 5,107 put options on the company. This is an increase of approximately 351% compared to the average daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
A number of brokerages have commented on WMT. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the company a “sell” rating in a research note on Friday, August 4th. Citigroup Inc. set a $78.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. started coverage on Wal-Mart Stores in a research report on Wednesday, August 2nd. They set an “outperform” rating and a $90.00 target price on the stock. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.86.
In other news, major shareholder Alice L. Walton sold 3,221,265 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $79.54, for a total transaction of $256,219,418.10. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $536,782,053.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction on 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 sold 23,006,720 shares of company stock valued at $1,816,131,604 in the last three months. 51.39% of the stock is currently owned by 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 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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