Burke & Herbert Bank & Trust Co. raised its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 21,128 shares of the retailer’s stock after buying an additional 109 shares during the period. Wal-Mart Stores makes up about 1.4% of Burke & Herbert Bank & Trust Co.’s portfolio, making the stock its 19th largest position. Burke & Herbert Bank & Trust Co.’s holdings in Wal-Mart Stores were worth $1,542,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in WMT. Advisory Services Network LLC boosted its position in shares of Wal-Mart Stores by 49.2% in the second quarter. Advisory Services Network LLC now owns 26,033 shares of the retailer’s stock valued at $1,901,000 after buying an additional 8,583 shares in the last quarter. Community Bank & Trust Waco Texas boosted its position in shares of Wal-Mart Stores by 0.4% in the second quarter. Community Bank & Trust Waco Texas now owns 27,385 shares of the retailer’s stock valued at $2,000,000 after buying an additional 100 shares during the last quarter. Crossvault Capital Management LLC boosted its position in shares of Wal-Mart Stores by 41.4% in the second quarter. Crossvault Capital Management LLC now owns 10,840 shares of the retailer’s stock valued at $792,000 after buying an additional 3,175 shares during the last quarter. ING Groep NV purchased a new position in shares of Wal-Mart Stores during the second quarter valued at approximately $5,609,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Wal-Mart Stores during the second quarter valued at approximately $100,000. 29.55% of the stock is currently owned by institutional investors.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.32% on Friday, reaching $68.45. 6,416,018 shares of the company traded hands. Wal-Mart Stores Inc. has a one year low of $56.30 and a one year high of $75.19. The company has a market capitalization of $211.73 billion, a P/E ratio of 14.74 and a beta of 0.20. The firm’s 50 day moving average is $71.16 and its 200 day moving average is $70.93.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 EPS. Analysts expect that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
Several research analysts have commented on WMT shares. Jefferies Group set a $85.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, August 9th. Nomura reiterated a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price for the company in a report on Thursday, June 23rd. Finally, Guggenheim started coverage on shares of Wal-Mart Stores in a report on Friday, September 30th. They issued a “buy” rating and a $82.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $75.38.
In other Wal-Mart Stores news, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now owns 29,464 shares in the company, valued at approximately $2,105,497.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total value of $227,573,478.86. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $488,664,677.80. 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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