Candriam Luxembourg S.C.A. lowered its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,348 shares of the retailer’s stock after selling 157 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Wal-Mart Stores were worth $1,178,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Wal-Mart Stores during the third quarter worth about $104,000. Asset Planning Services Ltd. boosted its position in shares of Wal-Mart Stores by 0.7% in 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Wal-Mart Stores during the fourth quarter valued at approximately $125,000. Finally, Crow Point Partners LLC acquired a new stake in shares of Wal-Mart Stores during the third quarter valued at approximately $127,000. 30.14% of the stock is owned by institutional investors.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.35% during mid-day trading on Monday, reaching $75.50. The company’s stock had a trading volume of 16,093,692 shares. The stock has a market cap of $227.59 billion, a P/E ratio of 17.14 and a beta of 0.30. The firm’s 50 day moving average is $77.60 and its 200-day moving average is $72.06. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $80.47. Wal-Mart Stores also was the target of unusually large options trading activity on Friday. Stock traders bought 9,731 call options on the company. This is an increase of approximately 278% compared to the typical volume of 2,572 call options.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
Several analysts have recently commented on WMT shares. TheStreet raised Wal-Mart Stores from a “c+” rating to a “b-” rating in a research note on Thursday, February 23rd. Bank of America Corporation reaffirmed a “buy” rating and set a $88.00 price target on shares of Wal-Mart Stores in a research report on Tuesday, March 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $86.00 price target on shares of Wal-Mart Stores in a research report on Friday, April 7th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 price target for the company in a research report on Monday, March 27th. Finally, Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven 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 a consensus target price of $78.80.
In other news, Director S Robson Walton sold 3,000,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $79.25, for a total transaction of $237,750,000.00. Following the completion of the sale, the director now owns 3,344,956 shares of the company’s stock, valued at $265,087,763. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $259,020,065.00. Following 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 have sold 22,980,991 shares of company stock valued at $1,814,159,476 in the last three months. Corporate 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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