WealthTrust Fairport LLC reduced its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 6,230 shares of the retailer’s stock after selling 86 shares during the period. WealthTrust Fairport LLC’s holdings in Wal-Mart Stores were worth $449,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of WMT. Asset Planning Services Ltd. raised its stake 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 worth $109,000 after buying an additional 11 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Wal-Mart Stores during the fourth quarter worth approximately $125,000. High Point Bank & Trust Co. raised its stake 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 worth $136,000 after buying an additional 820 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Wal-Mart Stores during the fourth quarter worth approximately $177,000. Hedge funds and other institutional investors own 30.15% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 75.33 on Monday. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $80.47. The stock has a market capitalization of $227.08 billion, a PE ratio of 17.10 and a beta of 0.28. The firm has a 50-day moving average price of $77.53 and a 200 day moving average price of $72.40.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. Wal-Mart Stores’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
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WMT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Tuesday, April 25th. Bank of America Corporation reiterated a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, March 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $86.00 target price on shares of Wal-Mart Stores in a research report on Friday, April 7th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 target price on the stock in a research report on Monday, March 27th. Finally, Gordon Haskett initiated coverage on Wal-Mart Stores in a research report on Tuesday, May 9th. They issued a “buy” rating and a $90.00 target price on the stock. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus price target of $77.93.
In other news, insider David Chojnowski sold 5,142 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by 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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