Massmutual Trust Co. FSB ADV boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,583 shares of the retailer’s stock after buying an additional 6,820 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Wal-Mart Stores were worth $2,565,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in 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 valued at $114,000 after buying an additional 112,511 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Wal-Mart Stores during the fourth quarter valued at about $125,000. High Point Bank & Trust Co. raised its stake in 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 valued at $136,000 after buying an additional 820 shares during the last quarter. Finally, Northwest Quadrant Wealth Management LLC bought a new stake in Wal-Mart Stores during the fourth quarter valued at about $177,000. Institutional investors and hedge funds own 30.09% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.38% during mid-day trading on Tuesday, reaching $81.59. The company’s stock had a trading volume of 7,381,407 shares. The stock’s 50 day moving average is $76.65 and its 200 day moving average is $73.67. The firm has a market cap of $245.95 billion, a PE ratio of 18.53 and a beta of 0.29. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.86. Wal-Mart Stores also saw unusually large options trading on Monday. Stock investors purchased 5,107 put options on the stock. This is an increase of approximately 351% compared to the typical daily volume of 1,132 put options.
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 company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. On average, analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
Several research firms have recently issued reports on WMT. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the company a “sell” rating in a research note on Friday. Citigroup Inc. set a $78.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. began coverage on Wal-Mart Stores in a research note on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 price objective for the company. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.86.
In related news, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $530,775,817. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. Corporate insiders own 51.39% of the company’s stock.
About Wal-Mart Stores
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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