Oakbrook Investments LLC boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,493 shares of the retailer’s stock after acquiring an additional 2,550 shares during the quarter. Oakbrook Investments LLC’s holdings in Wal-Mart Stores were worth $1,836,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after buying an additional 440,343 shares in the last quarter. FMR LLC increased its stake in shares of Wal-Mart Stores by 45.3% in the second 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after buying an additional 580,373 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after buying an additional 174,296 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Wal-Mart Stores by 7.4% in the second quarter. Ameriprise Financial Inc. now owns 8,874,416 shares of the retailer’s stock valued at $671,623,000 after buying an additional 607,827 shares in the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.
In other news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. Insiders have sold a total of 14,421,174 shares of company stock worth $1,366,398,832 in the last quarter. 51.39% of the stock is currently owned by company insiders.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores declared that its board has authorized a stock buyback plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently issued reports on WMT shares. BMO Capital Markets reiterated a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Jefferies Group set a $105.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, November 14th. Bank of America set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $84.00 price target (up previously from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. Finally, Barclays set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $94.23.
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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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