Dynamic Capital Management Ltd Takes Position in Wal-Mart Stores, Inc. (NYSE:WMT)
Dynamic Capital Management Ltd bought a new position in Wal-Mart Stores, Inc. (NYSE:WMT) during the first quarter, Holdings Channel reports. The firm bought 17,478 shares of the retailer’s stock, valued at approximately $1,260,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. raised 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 during the last quarter. Wellington Shields & Co. LLC raised its position in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares during the last quarter. Alexandria Capital LLC raised its position in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the last quarter. Cohen Lawrence B raised its position in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in Wal-Mart Stores by 0.3% in the first quarter. Essex Financial Services Inc. now owns 10,145 shares of the retailer’s stock worth $731,000 after buying an additional 29 shares during the last quarter. 30.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.44% on Thursday, hitting $81.25. The company had a trading volume of 636,609 shares. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The firm has a market capitalization of $244.93 billion, a P/E ratio of 18.45 and a beta of 0.29. The firm has a 50 day moving average of $77.17 and a 200-day moving average of $74.00. Wal-Mart Stores also was the recipient of some unusual options trading on Monday. Stock investors bought 5,107 put options on the stock. This is an increase of 351% compared to the average daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $117.01 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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A number of research firms recently weighed in on WMT. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $74.00 price target on shares of Wal-Mart Stores in a research report on Friday, May 5th. Pacific Crest lowered Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Sanford C. Bernstein reiterated a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reiterated a “neutral” rating and issued a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.86.
In related news, insider David Cheesewright sold 25,729 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Chojnowski sold 5,142 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.36, for a total value of $408,069.12. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604 over the last three months. 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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