Sei Investments Co. lifted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 606,569 shares of the retailer’s stock after acquiring an additional 62,950 shares during the quarter. Sei Investments Co.’s holdings in Wal-Mart Stores were worth $45,905,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC increased its stake in shares of Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after acquiring an additional 1,039 shares during the period. Security National Bank of SO Dak increased its stake in shares of Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after acquiring an additional 386 shares during the period. First Personal Financial Services boosted its holdings in Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after buying an additional 3,434 shares in the last quarter. Berkshire Asset Management LLC PA boosted its holdings in Wal-Mart Stores by 1.5% during the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock worth $10,500,000 after buying an additional 1,994 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in Wal-Mart Stores by 4.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after buying an additional 31,436 shares in the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.
Wal-Mart Stores, Inc. (WMT) traded up 0.379% on Tuesday, reaching $86.065. 1,070,718 shares of the company’s stock were exchanged. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $86.95. The stock has a market capitalization of $257.09 billion, a PE ratio of 20.679 and a beta of 0.29. The firm has a 50 day moving average of $80.08 and a 200 day moving average of $77.67.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Equities analysts predict that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
A number of analysts recently commented on WMT shares. Vetr downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective on the stock. in a report on Monday, June 19th. BidaskClub downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “buy” rating and set a $75.54 price objective (down previously from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and an average target price of $84.11.
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In related news, insider Jeffrey J. Gearhart sold 9,216 shares of the firm’s 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 document filed with the SEC, which can be accessed through the SEC website. 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 sale, the director now directly owns 3,344,956 shares in the company, valued at $262,411,798.20. The disclosure for this sale can be found here. Insiders sold 9,924,828 shares of company stock worth $785,676,492 over the last ninety days. 51.39% of the stock is currently owned by insiders.
Wal-Mart Stores 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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