Community Bank & Trust Waco Texas boosted its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 27,385 shares of the retailer’s stock after buying an additional 100 shares during the period. Community Bank & Trust Waco Texas’ holdings in Wal-Mart Stores were worth $2,000,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock worth $365,175,000 after buying an additional 4,652,393 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Wal-Mart Stores during the second quarter worth about $309,966,000. State Street Corp boosted 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 worth $4,903,327,000 after buying an additional 1,726,468 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Wal-Mart Stores during the first quarter worth about $85,821,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Wal-Mart Stores by 156.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,743,334 shares of the retailer’s stock worth $119,401,000 after buying an additional 1,062,855 shares during the last quarter. 29.55% of the stock is currently owned by institutional investors.
Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.32% during midday trading on Friday, reaching $68.45. 6,416,018 shares of the company’s stock were exchanged. The company has a market cap of $211.73 billion, a price-to-earnings ratio of 14.74 and a beta of 0.20. Wal-Mart Stores Inc. has a 12-month low of $56.30 and a 12-month high of $75.19. The firm has a 50-day moving average price of $71.16 and a 200 day moving average price of $70.93.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
A number of research analysts recently commented on WMT shares. Macquarie set a $61.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Tuesday, October 4th. Guggenheim started coverage on shares of Wal-Mart Stores in a research note on Friday, September 30th. They issued a “buy” rating and a $82.00 price target on the stock. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Morgan Stanley set a $73.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 price target on shares of Wal-Mart Stores and gave the company a “hold” rating in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $74.93.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the transaction, the insider now owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is currently 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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