Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,547 shares of the retailer’s stock after acquiring an additional 775 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Wal-Mart Stores were worth $1,409,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in Wal-Mart Stores by 5.3% during the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock worth $619,457,000 after acquiring an additional 429,599 shares during the period. Accident Compensation Corp grew its holdings in Wal-Mart Stores by 8.8% during the first quarter. Accident Compensation Corp now owns 102,494 shares of the retailer’s stock worth $7,388,000 after acquiring an additional 8,300 shares during the period. SRS Capital Advisors Inc. grew its holdings in 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 acquiring an additional 901 shares during the period. Investec Asset Management LTD grew its holdings in Wal-Mart Stores by 6.4% during the first quarter. Investec Asset Management LTD now owns 346,069 shares of the retailer’s stock worth $24,945,000 after acquiring an additional 20,891 shares during the period. Finally, Good Life Advisors LLC grew its holdings in Wal-Mart Stores by 35.2% during the first quarter. Good Life Advisors LLC now owns 7,054 shares of the retailer’s stock worth $506,000 after acquiring an additional 1,836 shares during the period. 30.21% of the stock is currently owned by hedge funds and other institutional investors.
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Wal-Mart Stores, Inc. (WMT) traded up 0.546% during midday trading on Friday, reaching $80.115. The company had a trading volume of 5,150,513 shares. The company has a market cap of $240.99 billion, a PE ratio of 19.249 and a beta of 0.30. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company’s 50-day moving average is $79.84 and its 200 day moving average is $76.00.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.
In other news, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value 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 over the last three months. Insiders own 51.39% of the company’s stock.
A number of research analysts recently issued reports on WMT shares. BMO Capital Markets raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating and set a $63.00 target price on the stock in a report on Thursday, May 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $84.00 price target (up previously from $82.00) on shares of Wal-Mart Stores in a research note on Friday, May 19th. Credit Suisse Group reissued a “buy” rating and issued a $80.00 price target on shares of Wal-Mart Stores in a research note on Friday, May 19th. Stifel Nicolaus set a $79.00 price target on Wal-Mart Stores and gave the stock a “hold” rating in a research note on Friday, May 19th. Finally, Sanford C. Bernstein set a $75.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Saturday, May 20th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $80.25.
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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