BP PLC lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 23.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,000 shares of the retailer’s stock after selling 45,000 shares during the period. BP PLC’s holdings in Wal-Mart Stores were worth $10,665,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of WMT. TrimTabs Asset Management LLC grew its holdings in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the period. Asset Planning Services Ltd. grew its holdings in Wal-Mart Stores by 0.7% during the 1st quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after acquiring an additional 11 shares during the period. Paragon Capital Management Ltd acquired a new stake in Wal-Mart Stores during the 1st quarter worth $201,000. Arcadia Investment Management Corp MI grew its holdings in Wal-Mart Stores by 7.2% during the 1st 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 during the period. Finally, Alexandria Capital LLC grew its holdings in Wal-Mart Stores by 0.9% during the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after acquiring an additional 22 shares during the period. 30.21% of the stock is owned by institutional investors and hedge funds.
Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.88% during trading on Friday, hitting $80.38. 13,317,757 shares of the stock traded hands. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. The stock has a market cap of $241.78 billion, a PE ratio of 19.31 and a beta of 0.30. The company has a 50-day moving average price of $79.86 and a 200-day moving average price of $76.06.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same period last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.
WMT has been the subject of a number of analyst reports. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday, August 11th. Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Robert W. Baird set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $80.25.
In related news, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $78.96, for a total value of $727,695.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director S Robson Walton sold 2,117,863 shares of Wal-Mart Stores stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $78.45, for a total value of $166,146,352.35. Following the completion of the sale, the director now owns 3,344,956 shares of the company’s stock, valued at $262,411,798.20. The disclosure for this sale can be found here. Insiders sold 7,948,971 shares of company stock valued at $628,583,326 over the last 90 days. 51.39% of the stock is currently owned by corporate insiders.
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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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