Spirit of America Management Corp NY Has $380,000 Stake in Wal-Mart Stores, Inc. (NYSE:WMT)

Spirit of America Management Corp NY maintained its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,024 shares of the retailer’s stock at the end of the second quarter. Spirit of America Management Corp NY’s holdings in Wal-Mart Stores were worth $380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jarislowsky Fraser Ltd raised its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Jarislowsky Fraser Ltd now owns 27,727 shares of the retailer’s stock valued at $2,098,000 after buying an additional 112 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of Wal-Mart Stores by 6.1% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,299 shares of the retailer’s stock valued at $250,000 after buying an additional 190 shares during the period. Jolley Asset Management LLC raised its stake in shares of Wal-Mart Stores by 1.3% in the second quarter. Jolley Asset Management LLC now owns 52,168 shares of the retailer’s stock valued at $3,948,000 after buying an additional 690 shares during the period. Headinvest LLC raised its stake in shares of Wal-Mart Stores by 10.4% in the second quarter. Headinvest LLC now owns 48,776 shares of the retailer’s stock valued at $3,691,000 after buying an additional 4,575 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA raised its stake in shares of Wal-Mart Stores by 4.7% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,455 shares of the retailer’s stock valued at $337,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 30.16% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.78 on Friday. The firm has a 50-day moving average price of $76.48 and a 200-day moving average price of $73.18. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $80.47. The stock has a market cap of $240.50 billion, a PE ratio of 18.12 and a beta of 0.28. Wal-Mart Stores also saw unusually large options trading on Tuesday. Investors acquired 28,068 call options on the company. This is an increase of approximately 226% compared to the average daily volume of 8,614 call options.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share 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 company had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.

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Several analysts recently issued reports on the stock. Pacific Crest lowered shares of Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $74.00 price objective on shares of Wal-Mart Stores in a report on Friday, May 5th. Sanford C. Bernstein restated a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. UBS AG restated a “neutral” rating and issued a $80.00 price objective (up from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. Finally, Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average target price of $78.46.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,576,324 shares of the business’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 sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $530,775,817. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jim C. Walton sold 3,278,735 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock valued at $1,816,131,604 in the last ninety days. 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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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