Birmingham Capital Management Co. Inc. AL boosted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 8.0% during the first quarter, Holdings Channel reports. The firm owned 9,503 shares of the retailer’s stock after buying an additional 700 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Wal-Mart Stores were worth $685,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox purchased a new position in Wal-Mart Stores during the fourth quarter worth approximately $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Wal-Mart Stores during the fourth quarter worth approximately $274,739,000. Canada Pension Plan Investment Board raised its position in Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares during the period. AQR Capital Management LLC raised its position in Wal-Mart Stores by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 8,810,593 shares of the retailer’s stock worth $608,988,000 after buying an additional 1,689,794 shares during the period. Finally, Swiss National Bank raised its position in Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after buying an additional 1,188,400 shares during the period. Hedge funds and other institutional investors own 30.16% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at 78.90 on Thursday. The company’s 50-day moving average is $76.46 and its 200 day moving average is $73.13. The firm has a market cap of $237.84 billion, a PE ratio of 17.92 and a beta of 0.28. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $80.47. Wal-Mart Stores also was the target of some unusual options trading activity 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 results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current year.
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A number of equities analysts have commented on WMT shares. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target on the stock in a research report on Monday, May 15th. Royal Bank Of Canada reiterated a “sell” rating and set a $67.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. BMO Capital Markets upgraded shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $63.00 to $80.00 in a research report on Friday, May 19th. KeyCorp reiterated an “overweight” rating and set a $90.00 target price on shares of Wal-Mart Stores in a research report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $78.33.
In other Wal-Mart Stores news, Director S Robson Walton sold 1,618,300 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the sale, the director now owns 3,344,956 shares in the company, valued at approximately $268,332,370.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $530,775,817. 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 90 days. 51.39% of the stock is currently 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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