BTIM Corp. increased its position in Wal-Mart Stores Inc. (NYSE:WMT) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 126,913 shares of the retailer’s stock after buying an additional 2,496 shares during the period. BTIM Corp.’s holdings in Wal-Mart Stores were worth $9,267,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in WMT. State Street Corp raised its stake in shares of Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock valued at $4,903,327,000 after buying an additional 1,726,468 shares during the period. BlackRock Fund Advisors raised its stake in shares of Wal-Mart Stores by 1.6% in the first quarter. BlackRock Fund Advisors now owns 19,012,040 shares of the retailer’s stock valued at $1,302,135,000 after buying an additional 297,567 shares during the period. Geode Capital Management LLC raised its stake in shares of Wal-Mart Stores by 2.1% in the first quarter. Geode Capital Management LLC now owns 13,570,247 shares of the retailer’s stock valued at $927,651,000 after buying an additional 284,071 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Wal-Mart Stores by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 8,319,158 shares of the retailer’s stock valued at $607,461,000 after buying an additional 389,425 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Wal-Mart Stores by 2.7% in the first quarter. Legal & General Group Plc now owns 7,814,266 shares of the retailer’s stock valued at $535,247,000 after buying an additional 203,692 shares during the period. 29.55% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.64% during midday trading on Monday, hitting $71.89. The stock had a trading volume of 1,997,778 shares. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The stock’s 50-day moving average is $72.44 and its 200-day moving average is $70.69. The stock has a market capitalization of $222.37 billion, a PE ratio of 15.48 and a beta of 0.22.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
WMT has been the topic of several recent analyst reports. Jefferies Group upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $82.00 in a research note on Monday, June 6th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price on the stock in a research note on Thursday, June 23rd. Finally, Nomura restated a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus price target of $74.78.
In other Wal-Mart Stores news, Director S Robson Walton sold 971,842 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $71.29, for a total value of $69,282,616.18. Following the transaction, the director now owns 1,987,604 shares of the company’s stock, valued at $141,696,289.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,450,000 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $71.39, for a total value of $103,515,500.00. The disclosure for this sale can be found here. 51.55% of the stock is owned by company 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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