Norinchukin Bank The Purchases 4,763 Shares of Wal-Mart Stores Inc (WMT)
Norinchukin Bank The raised its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,244 shares of the retailer’s stock after acquiring an additional 4,763 shares during the period. Norinchukin Bank The’s holdings in Wal-Mart Stores were worth $16,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of WMT. FMR LLC raised its holdings in Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the period. Alliancebernstein L.P. raised its holdings in Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Wal-Mart Stores by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after buying an additional 1,689,364 shares during the period. Neuberger Berman Group LLC raised its holdings in Wal-Mart Stores by 100.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after buying an additional 1,324,722 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in Wal-Mart Stores by 128.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after buying an additional 1,158,519 shares during the period. 30.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director S Robson Walton sold 826,617 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now directly owns 19,060 shares in the company, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 in the last three months. Corporate insiders own 51.39% of the company’s stock.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has initiated a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
WMT has been the topic of several recent research reports. CIBC decreased their price target on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Stephens set a $117.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, January 16th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price target on the stock in a report on Wednesday, January 10th. Telsey Advisory Group decreased their price target on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Finally, Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased their price target for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Nineteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Buy” and an average target price of $99.44.
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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