Utah Retirement Systems raised its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,530 shares of the retailer’s stock after acquiring an additional 400 shares during the period. Utah Retirement Systems’ holdings in Wal-Mart Stores were worth $20,004,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. TrimTabs Asset Management LLC boosted its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares during the period. Asset Planning Services Ltd. boosted its position in shares of Wal-Mart Stores by 0.7% during the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Wal-Mart Stores by 75.2% during the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Wal-Mart Stores by 7.2% during the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares during the period. Finally, Alexandria Capital LLC boosted its position in shares of Wal-Mart Stores by 0.9% during the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the period. Institutional investors own 30.19% of the company’s stock.
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WMT has been the subject of a number of research analyst reports. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Friday, August 11th. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, August 7th. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a research report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.25.
Wal-Mart Stores, Inc. (WMT) opened at 79.53 on Friday. The stock’s 50 day moving average is $79.87 and its 200-day moving average is $76.28. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. The firm has a market cap of $237.57 billion, a price-to-earnings ratio of 20.29 and a beta of 0.30.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. On average, analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Insiders have sold 7,948,971 shares of company stock valued at $628,583,326 in the last quarter. Company insiders own 51.39% of the company’s stock.
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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