Nichols Asset Management LLC held its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,295 shares of the retailer’s stock at the end of the third quarter. Nichols Asset Management LLC’s holdings in Wal-Mart Stores were worth $526,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Banced Corp purchased a new position in shares of Wal-Mart Stores during the second quarter worth approximately $533,000. SNS Financial Group LLC raised 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 worth $318,000 after buying an additional 125 shares during the last quarter. Robeco Institutional Asset Management B.V. raised 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 worth $46,675,000 after buying an additional 419,368 shares during the last quarter. Greylin Investment Mangement Inc. raised 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 worth $3,301,000 after buying an additional 1,925 shares during the last quarter. Finally, MSI Financial Services Inc raised 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 worth $7,160,000 after buying an additional 18,562 shares during the last quarter. 29.47% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 1.60% during trading on Friday, hitting $65.66. The company had a trading volume of 13,433,629 shares. The stock’s 50-day moving average is $69.05 and its 200 day moving average is $70.85. Wal-Mart Stores, Inc. has a 52-week low of $62.35 and a 52-week high of $75.19. The firm has a market capitalization of $201.79 billion, a P/E ratio of 14.24 and a beta of 0.10.
Wal-Mart Stores (NYSE:WMT) last posted 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. The firm had revenue of $118.20 billion for the quarter, compared to analyst estimates of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. Wal-Mart Stores’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities research analysts predict that Wal-Mart Stores, Inc. will post $4.33 earnings per share for the current fiscal year.
A number of equities analysts recently commented on WMT shares. Zacks Investment Research raised Wal-Mart Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, December 6th. Deutsche Bank AG reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Wednesday, January 18th. Wells Fargo & Company initiated coverage on Wal-Mart Stores in a research report on Wednesday. They set a “market perform” rating and a $71.00 price objective on the stock. J P Morgan Chase & Co set a $72.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Monday, October 10th. Finally, Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 price objective on the stock. in a research report on Tuesday, December 13th. Five research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average price target of $74.26.
In other Wal-Mart Stores news, insider Rosalind G. Brewer sold 32,350 shares of the company’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total value of $2,210,152.00. Following the completion of the transaction, the insider now owns 245,328 shares in the company, valued at $16,760,808.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 75,063 shares of the company’s stock in a transaction on Monday, November 21st. The shares were 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. Corporate 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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