Forward Management LLC increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 14.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,558 shares of the retailer’s stock after buying an additional 1,496 shares during the period. Forward Management LLC’s holdings in Wal-Mart Stores were worth $833,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Bristol Advisors LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $5,731,000. Chilton Capital Management LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $240,000. InterOcean Capital LLC increased its stake in shares of Wal-Mart Stores by 12.0% in the fourth quarter. InterOcean Capital LLC now owns 168,632 shares of the retailer’s stock worth $11,656,000 after buying an additional 18,025 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $657,000. Finally, Tyers Asset Management LLC acquired a new stake in shares of Wal-Mart Stores during the fourth quarter worth $57,735,000. Institutional investors and hedge funds own 30.00% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.26% on Wednesday, reaching $80.98. 11,535,953 shares of the company were exchanged. The firm has a market capitalization of $244.11 billion, a P/E ratio of 18.39 and a beta of 0.29. The firm has a 50-day moving average of $77.90 and a 200 day moving average of $74.51. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.
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A number of brokerages have weighed in on WMT. Royal Bank Of Canada set a $76.00 price target on Wal-Mart Stores and gave the stock a “sell” rating in a report on Friday, August 4th. Citigroup Inc. increased their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday. MKM Partners reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday. Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $91.00 in a report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.83.
In other Wal-Mart Stores news, Director S Robson Walton sold 1,321,340 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $78.61, for a total value of $103,870,537.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was 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 sold 23,006,720 shares of company stock worth $1,816,131,604 over the last quarter. Insiders own 51.39% of the company’s stock.
Wal-Mart Stores Company 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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