SNS Financial Group LLC cut its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 25.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,257 shares of the retailer’s stock after selling 1,769 shares during the quarter. SNS Financial Group LLC’s holdings in Wal-Mart Stores were worth $378,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC increased its stake in 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 last quarter. First Personal Financial Services grew its stake in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after buying an additional 3,434 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after buying an additional 31,436 shares in the last quarter. British Columbia Investment Management Corp grew its stake in shares of Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock valued at $57,359,000 after buying an additional 209,619 shares in the last quarter. Finally, Davis R M Inc. acquired a new stake in shares of Wal-Mart Stores in the first quarter valued at about $249,000. Institutional investors own 30.19% of the company’s stock.
WMT has been the topic of a number of research analyst reports. Citigroup Inc. increased their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a report on Thursday, August 17th. Credit Suisse Group reaffirmed a “hold” rating and set a $84.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Jefferies Group LLC reissued a “buy” rating and issued a $88.00 price target on shares of Wal-Mart Stores in a report on Wednesday, June 14th. Finally, Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, July 27th. 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 assigned a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $80.25.
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Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.53 on Friday. The company has a market capitalization of $237.57 billion, a price-to-earnings ratio of 20.29 and a beta of 0.30. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The firm’s 50-day moving average price is $79.87 and its 200 day moving average price is $76.28.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. On average, equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
In other news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,652,342 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $79.35, for a total transaction of $131,113,337.70. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $535,499,823. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 in 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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