Mitchell Mcleod Pugh & Williams Inc. Maintains Stake in Wal-Mart Stores, Inc. (WMT)
Mitchell Mcleod Pugh & Williams Inc. continued to hold its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, Holdings Channel reports. The institutional investor owned 9,781 shares of the retailer’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Wal-Mart Stores were worth $740,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WMT. TrimTabs Asset Management LLC boosted its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. boosted its position in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the period. Paragon Capital Management Ltd purchased a new position in shares of Wal-Mart Stores during the first quarter valued at about $201,000. High Point Bank & Trust Co. boosted its position in shares of 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 valued at $136,000 after buying an additional 820 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares during the period. 30.09% of the stock is currently owned by institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down 1.170% on Thursday, hitting $80.655. The stock had a trading volume of 3,640,022 shares. The stock has a market cap of $243.13 billion, a PE ratio of 18.314 and a beta of 0.29. The company’s 50 day moving average is $77.17 and its 200 day moving average is $74.00. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. Wal-Mart Stores also was the recipient of unusually large options trading activity on Monday. Investors purchased 5,107 put options on the company. This represents an increase of approximately 351% compared to the average volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. During the same quarter last year, the business earned $0.98 earnings per share. Wal-Mart Stores’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
Several analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and set a $80.00 target price (up previously from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Oppenheimer Holdings, Inc. assumed 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. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday. Finally, Pacific Crest cut Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have issued a buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and an average target price of $78.86.
In related news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Chojnowski sold 5,142 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $79.36, for a total transaction of $408,069.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is 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 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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