Moody Lynn & Lieberson LLC held its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,725 shares of the retailer’s stock at the end of the first quarter. Moody Lynn & Lieberson LLC’s holdings in Wal-Mart Stores were worth $268,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in Wal-Mart Stores by 1.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 847,595 shares of the retailer’s stock worth $60,995,000 after buying an additional 9,784 shares during the last quarter. Canandaigua National Bank & Trust Co. raised its position in Wal-Mart Stores by 0.4% in the first quarter. Canandaigua National Bank & Trust Co. now owns 14,054 shares of the retailer’s stock worth $1,012,000 after buying an additional 57 shares during the last quarter. FTB Advisors Inc. raised its position in Wal-Mart Stores by 38.0% in the first quarter. FTB Advisors Inc. now owns 112,708 shares of the retailer’s stock worth $8,201,000 after buying an additional 31,059 shares during the last quarter. Flinton Capital Management LLC raised its position in Wal-Mart Stores by 4.6% in the first quarter. Flinton Capital Management LLC now owns 1,060,664 shares of the retailer’s stock worth $76,453,000 after buying an additional 46,376 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after buying an additional 256,833 shares during the last quarter. 30.14% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores, Inc. (WMT) opened at 73.94 on Thursday. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $80.47. The firm has a 50-day moving average price of $77.53 and a 200 day moving average price of $72.40. The company has a market capitalization of $222.89 billion, a P/E ratio of 16.79 and a beta of 0.28. Wal-Mart Stores also was the recipient of unusually large options trading on Monday. Traders purchased 5,107 put options on the company. This represents an increase of 351% compared to the typical volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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A number of research analysts recently weighed in on the company. BidaskClub lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr raised Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $71.15 target price on the stock in a report on Monday. Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and set a $75.54 target price (down from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $81.00 target price on shares of Wal-Mart Stores in a report on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.72.
In other news, major shareholder Alice L. Walton sold 2,576,324 shares of the company’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 completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $530,775,817. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 over the last quarter. Company 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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