Wal-Mart Stores, Inc. (WMT) Position Raised by Chemical Bank

Wal-Mart Stores, Inc. (WMT) Position Raised by Chemical Bank

Chemical Bank raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 6.0% during the third quarter, Holdings Channel reports. The institutional investor owned 20,773 shares of the retailer’s stock after buying an additional 1,180 shares during the period. Chemical Bank’s holdings in Wal-Mart Stores were worth $1,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Ngam Advisors L.P. boosted its position 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 worth $6,133,000 after buying an additional 1,022 shares in the last quarter. US Bancorp DE boosted its position 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 worth $141,984,000 after buying an additional 23,129 shares in the last quarter. Compass Capital Management Inc. boosted its position 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 worth $20,076,000 after buying an additional 2,552 shares in the last quarter. Neuberger Berman Group LLC boosted its position 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 worth $59,567,000 after buying an additional 78,044 shares in the last quarter. Finally, Nuance Investments LLC boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 1.60% during mid-day trading on Friday, reaching $65.66. 13,433,629 shares of the company were exchanged. The company’s 50 day moving average price is $69.05 and its 200 day moving average price is $70.85. Wal-Mart Stores, Inc. has a 12 month low of $62.35 and a 12 month high of $75.19. The firm has a market capitalization of $201.79 billion, a PE ratio of 14.24 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business earned $118.20 billion during the quarter, compared to analysts’ expectations of $118.69 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.33 earnings per share for the current year.

WMT has been the topic of a number of research analyst reports. Barclays PLC reissued an “overweight” rating and issued a $82.00 target price on shares of Wal-Mart Stores in a research report on Sunday, November 13th. Zacks Investment Research lowered Wal-Mart Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Goldman Sachs Group, Inc. (The) set a $72.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 11th. BMO Capital Markets reissued an “underperform” rating and issued a $72.80 target price on shares of Wal-Mart Stores in a research report on Saturday, November 19th. Finally, Nomura set a $81.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 21st. Five research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $74.26.

In related news, insider Rosalind G. Brewer sold 32,350 shares of the stock in a transaction dated 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 sale, the insider now owns 245,328 shares in the company, valued at approximately $16,760,808.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 75,063 shares of the stock in a transaction dated 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. Company insiders own 51.55% of the company’s stock.

Wal-Mart Stores Company Profile

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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