Notis McConarty Edward maintained its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,400 shares of the retailer’s stock at the close of the 1st quarter. Notis McConarty Edward’s holdings in Wal-Mart Stores were worth $245,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its holdings in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in Wal-Mart Stores in the first quarter worth $201,000. SRS Capital Advisors Inc. boosted its holdings in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after acquiring an additional 901 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after acquiring an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC boosted its holdings 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 acquiring an additional 22 shares in the last quarter. 30.21% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. Citigroup Inc. boosted their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a report on Thursday, August 17th. Credit Suisse Group reissued a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $80.25.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.99% during mid-day trading on Tuesday, hitting $79.86. The company had a trading volume of 2,508,694 shares. The firm has a market capitalization of $240.22 billion, a P/E ratio of 19.19 and a beta of 0.30. The company has a 50-day moving average price of $79.72 and a 200 day moving average price of $75.87. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,652,342 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $79.35, for a total value of $131,113,337.70. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $535,499,823. The disclosure for this sale can be found here. Insiders sold a total of 7,948,971 shares of company stock valued at $628,583,326 in the last ninety days. 51.39% of the stock is currently owned by insiders.
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Wal-Mart Stores 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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