The Wal-Mart Stores Inc. (WMT) Stake Held by Kayne Anderson Rudnick Investment Management LLC

The Wal-Mart Stores Inc. (WMT) Stake Held by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC maintained its position in Wal-Mart Stores Inc. (NYSE:WMT) during the third quarter, Holdings Channel reports. The firm owned 21,156 shares of the retailer’s stock at the end of the third quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Wal-Mart Stores were worth $1,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Ngam Advisors L.P. increased its stake in Wal-Mart Stores by 1.2% in the third quarter. Ngam Advisors L.P. now owns 85,035 shares of the retailer’s stock valued at $6,133,000 after buying an additional 1,022 shares in the last quarter. US Bancorp DE increased its stake in Wal-Mart Stores by 1.2% in the third quarter. US Bancorp DE now owns 1,968,718 shares of the retailer’s stock valued at $141,984,000 after buying an additional 23,129 shares in the last quarter. Compass Capital Management Inc. increased its stake in Wal-Mart Stores by 0.9% in the second quarter. Compass Capital Management Inc. now owns 274,940 shares of the retailer’s stock valued at $20,076,000 after buying an additional 2,552 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Wal-Mart Stores by 10.4% in the third quarter. Neuberger Berman Group LLC now owns 825,949 shares of the retailer’s stock valued at $59,567,000 after buying an additional 78,044 shares in the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Wal-Mart Stores by 5.3% in the third quarter. Nuance Investments LLC now owns 240,323 shares of the retailer’s stock worth $17,332,000 after buying an additional 12,159 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.72% during midday trading on Thursday, reaching $67.62. 6,820,656 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $69.81 and its 200-day moving average is $71.16. Wal-Mart Stores Inc. has a 12-month low of $60.91 and a 12-month high of $75.19. The stock has a market capitalization of $207.81 billion, a price-to-earnings ratio of 14.67 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 17th. The retailer reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company earned $118.20 billion during the quarter, compared to analysts’ expectations of $118.69 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Wal-Mart Stores’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that Wal-Mart Stores Inc. will post $4.32 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Buckingham Research set a $70.00 price objective on Wal-Mart Stores and gave the stock a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $87.00 in a research report on Thursday, September 22nd. Citigroup Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research report on Monday, October 3rd. JPMorgan Chase & Co. set a $75.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. Finally, Macquarie set a $61.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.68.

In other Wal-Mart Stores news, insider Rosalind G. Brewer sold 32,350 shares of the firm’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total value of $2,210,152.00. Following the completion of the transaction, the insider now owns 245,328 shares of the company’s stock, valued at $16,760,808.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 75,063 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $69.08, for a total transaction of $5,185,352.04. The disclosure for this sale can be found here. Corporate insiders own 51.55% 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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores Inc. (NYSE:WMT).

Related posts

Leave a Comment