The Meritage Portfolio Management Maintains Position in Wal-Mart Stores Inc (WMT)

The Meritage Portfolio Management Maintains Position in Wal-Mart Stores Inc (WMT)

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fred Alger Management Inc. increased its position in Wal-Mart Stores by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 29,172 shares of the retailer’s stock worth $2,016,000 after buying an additional 599 shares during the period. Payden & Rygel increased its position in Wal-Mart Stores by 12.1% in the third quarter. Payden & Rygel now owns 141,520 shares of the retailer’s stock worth $10,206,000 after buying an additional 15,300 shares during the period. Teachers Advisors LLC increased its position in Wal-Mart Stores by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 3,251,918 shares of the retailer’s stock worth $224,773,000 after buying an additional 35,845 shares during the period. Cohen Lawrence B increased its position in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares during the period. Finally, Highfields Capital Management LP bought a new position in Wal-Mart Stores during the fourth quarter worth approximately $69,120,000. 29.69% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Portfolio Management maintained its position in Wal-Mart Stores Inc (NYSE:WMT) during the first quarter, Holdings Channel reports. The fund owned 13,212 shares of the retailer’s stock at the end of the first quarter. Meritage Portfolio Management’s holdings in Wal-Mart Stores were worth $952,000 at the end of the most recent quarter.

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

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. Wal-Mart Stores’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Equities analysts forecast that Wal-Mart Stores Inc will post $4.36 earnings per share for the current fiscal year.

A number of research analysts recently commented on WMT shares. Vetr downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $69.26 target price on the stock. in a research report on Monday, February 6th. Bank of America Corp raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $88.00 in a research report on Wednesday, February 22nd. Gordon Haskett started coverage on shares of Wal-Mart Stores in a research report on Tuesday, May 9th. They issued a “buy” rating and a $90.00 target price on the stock. 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. Finally, TheStreet raised shares of Wal-Mart Stores from a “c+” rating to a “b-” rating in a research report on Thursday, February 23rd. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.41.

In other news, major shareholder Jim C. Walton sold 1,455,636 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $78.34, for a total transaction of $114,034,524.24. Following the sale, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $823,135,928.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,259,726 shares of company stock worth $1,016,472,206. 51.55% of the stock is currently owned by insiders. 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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