The Founders Capital Management LLC Has $1.44 Million Position in Wal-Mart Stores Inc (WMT)

The Founders Capital Management LLC Has $1.44 Million Position in Wal-Mart Stores Inc (WMT)

Several other hedge funds have also recently bought and sold shares of WMT. ProShare Advisors LLC boosted its position in Wal-Mart Stores by 6.2% in the first quarter. ProShare Advisors LLC now owns 1,080,654 shares of the retailer’s stock worth $77,894,000 after buying an additional 63,095 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in Wal-Mart Stores by 1.3% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 85,250 shares of the retailer’s stock worth $6,145,000 after buying an additional 1,065 shares during the last quarter. Buckhead Capital Management LLC boosted its position in Wal-Mart Stores by 8.3% in the first quarter. Buckhead Capital Management LLC now owns 123,446 shares of the retailer’s stock worth $8,898,000 after buying an additional 9,478 shares during the last quarter. Fisher Asset Management LLC boosted its position in Wal-Mart Stores by 3.2% in the first quarter. Fisher Asset Management LLC now owns 5,308,983 shares of the retailer’s stock worth $382,672,000 after buying an additional 165,474 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in Wal-Mart Stores by 54.4% in the first quarter. Foster & Motley Inc. now owns 136,485 shares of the retailer’s stock worth $9,838,000 after buying an additional 48,102 shares during the last quarter. 29.69% of the stock is owned by institutional investors and hedge funds.

Founders Capital Management LLC cut its stake in shares of Wal-Mart Stores Inc (NYSE:WMT) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,034 shares of the retailer’s stock after selling 338 shares during the period. Founders Capital Management LLC’s holdings in Wal-Mart Stores were worth $1,444,000 as of its most recent filing with the SEC.

Wal-Mart Stores Inc (WMT) opened at 79.62 on Monday. The firm’s 50-day moving average price is $76.42 and its 200 day moving average price is $71.44. Wal-Mart Stores Inc has a one year low of $65.28 and a one year high of $79.93. The firm has a market cap of $241.65 billion, a P/E ratio of 18.08 and a beta of 0.09.

A number of equities analysts recently weighed in on WMT shares. JPMorgan Chase & Co. set a $68.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research report on Thursday, February 23rd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective for the company in a research report on Monday, May 15th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $78.41. In related news, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total transaction of $104,107.50. Following the transaction, the insider now directly owns 23,854 shares of the company’s stock, valued at approximately $1,878,502.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,259,726 shares of company stock worth $1,016,472,206. Company 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 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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