Wal-Mart Stores, Inc. (WMT) Shares Sold by Whittier Trust Co. of Nevada Inc.

Wal-Mart Stores, Inc. (WMT) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 32,179 shares of the retailer’s stock after selling 2,450 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Wal-Mart Stores were worth $2,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banced Corp acquired a new position in shares of Wal-Mart Stores during the second quarter valued at $533,000. SNS Financial Group LLC increased its position in shares of Wal-Mart Stores by 3.0% in the second quarter. SNS Financial Group LLC now owns 4,355 shares of the retailer’s stock valued at $318,000 after buying an additional 125 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Wal-Mart Stores by 190.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 639,207 shares of the retailer’s stock valued at $46,675,000 after buying an additional 419,368 shares during the period. Greylin Investment Mangement Inc. increased its position in shares of Wal-Mart Stores by 4.4% in the second quarter. Greylin Investment Mangement Inc. now owns 45,200 shares of the retailer’s stock valued at $3,301,000 after buying an additional 1,925 shares during the period. Finally, MSI Financial Services Inc increased its position in shares of Wal-Mart Stores by 23.3% in the second quarter. MSI Financial Services Inc now owns 98,062 shares of the retailer’s stock valued at $7,160,000 after buying an additional 18,562 shares during the period. 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, hitting $65.66. The stock had a trading volume of 13,433,629 shares. Wal-Mart Stores, Inc. has a 12-month low of $62.35 and a 12-month high of $75.19. The stock has a market cap of $201.79 billion, a P/E ratio of 14.24 and a beta of 0.10. The company’s 50 day moving average price is $69.05 and its 200 day moving average price is $70.85.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 17th. The retailer reported $0.98 EPS for the quarter, beating 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 business earned $118.20 billion during the quarter, compared to analyst estimates of $118.69 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts predict that Wal-Mart Stores, Inc. will post $4.33 EPS for the current fiscal year.

WMT has been the topic of several research analyst reports. Citigroup Inc. restated a “neutral” rating on shares of Wal-Mart Stores in a research note on Monday, October 3rd. Macquarie set a $61.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. J P Morgan Chase & Co set a $75.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. Jefferies Group LLC set a $86.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, October 5th. Five investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.26.

In related news, CEO C Douglas Mcmillon sold 75,063 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 245,328 shares of the company’s stock, valued at approximately $16,760,808.96. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.

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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