The Wal-Mart Stores Inc. (WMT) Shares Sold by Argent Trust Co

The Wal-Mart Stores Inc. (WMT) Shares Sold by Argent Trust Co

Argent Trust Co decreased its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 1.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,252 shares of the retailer’s stock after selling 213 shares during the period. Argent Trust Co’s holdings in Wal-Mart Stores were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Goelzer Investment Management Inc. boosted its position in shares of Wal-Mart Stores by 1.6% in the second quarter. Goelzer Investment Management Inc. now owns 81,136 shares of the retailer’s stock worth $5,925,000 after buying an additional 1,310 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Wal-Mart Stores by 0.4% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 75,480 shares of the retailer’s stock worth $5,512,000 after buying an additional 275 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Wal-Mart Stores by 53.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 246,561 shares of the retailer’s stock worth $18,003,000 after buying an additional 85,876 shares in the last quarter. Shinko Asset Management Co. Ltd. boosted its position in shares of Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock worth $562,000 after buying an additional 28 shares in the last quarter. Finally, Kanaly Trust Co boosted its position in shares of Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock worth $165,000 after buying an additional 489 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.72% on Thursday, hitting $67.62. 6,821,003 shares of the stock traded hands. The stock has a market cap of $207.81 billion, a price-to-earnings ratio of 14.67 and a beta of 0.10. Wal-Mart Stores Inc. has a 52 week low of $60.91 and a 52 week high of $75.19. The firm’s 50 day moving average is $69.81 and its 200 day moving average is $71.16.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $118.69 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Wal-Mart Stores Inc. will post $4.32 earnings per share for the current year.

A number of brokerages have issued reports on WMT. Jefferies Group set a $86.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 4th. Instinet reaffirmed a “neutral” rating and set a $81.00 price target on shares of Wal-Mart Stores in a report on Tuesday, December 20th. Royal Bank Of Canada cut their price target on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Friday, October 7th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.85 price target on the stock in a report on Monday, December 19th. Finally, BMO Capital Markets cut their price target on Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating on the stock in a report on Tuesday, October 11th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and an average target price of $74.68.

In related news, insider Rosalind G. Brewer sold 32,350 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the completion of the transaction, the insider now owns 245,328 shares in the company, valued at $16,760,808.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 75,063 shares of the 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.

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