Dorsey & Whitney Trust CO LLC boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 10,657 shares of the retailer’s stock after buying an additional 62 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Wal-Mart Stores were worth $769,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in WMT. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Wal-Mart Stores during the second quarter valued at $100,000. Seven Eight Capital LLC acquired a new stake in Wal-Mart Stores during the second quarter valued at approximately $111,000. BKS Advisors LLC acquired a new stake in Wal-Mart Stores during the third quarter valued at approximately $110,000. Piershale Financial Group Inc. increased its stake in Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC increased its stake in Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock valued at $118,000 after buying an additional 351 shares during the last quarter. Institutional investors and hedge funds own 29.47% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down 1.671% during midday trading on Friday, hitting $65.615. 11,922,029 shares of the stock traded hands. The firm’s 50-day moving average is $69.19 and its 200-day moving average is $70.91. Wal-Mart Stores, Inc. has a 52-week low of $62.35 and a 52-week high of $75.19. The company has a market cap of $201.65 billion, a price-to-earnings ratio of 14.233 and a beta of 0.10.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping the 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 had revenue of $118.20 billion for the quarter, compared to analysts’ expectations of $118.69 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Wal-Mart Stores’s quarterly revenue was up .5% on a year-over-year basis. Analysts predict that Wal-Mart Stores, Inc. will post $4.33 EPS for the current year.
Several equities research analysts have recently commented on the stock. Jefferies Group LLC set a $86.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Instinet reissued a “neutral” rating and set a $81.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, December 20th. Royal Bank Of Canada decreased their target price on shares of Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a research report on Friday, October 7th. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.85 target price for the company in a research report on Monday, December 19th. Finally, BMO Capital Markets cut their price target on shares of 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 research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.26.
In related news, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $69.08, for a total value of $5,185,352.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rosalind G. Brewer sold 32,350 shares of the business’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the completion of the sale, the insider now owns 245,328 shares in the company, valued at approximately $16,760,808.96. The disclosure for this sale can be found here. 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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