Conning Inc. increased its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,439 shares of the retailer’s stock after buying an additional 16,476 shares during the period. Wal-Mart Stores comprises about 1.3% of Conning Inc.’s investment portfolio, making the stock its 21st largest position. Conning Inc.’s holdings in Wal-Mart Stores were worth $30,846,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC increased its stake in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Wal-Mart Stores during the second quarter valued at approximately $106,000. Piershale Financial Group Inc. increased its position in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the last quarter. Trust Department MB Financial Bank N A increased its position in shares of Wal-Mart Stores by 46.5% in the second quarter. Trust Department MB Financial Bank N A now owns 2,014 shares of the retailer’s stock valued at $143,000 after buying an additional 639 shares during the last quarter. Finally, Kanaly Trust Co increased its position in shares of Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock valued at $165,000 after buying an additional 489 shares during the last quarter. 29.55% of the stock is currently owned by institutional investors.
Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.95% on Friday, reaching $68.70. 12,653,847 shares of the company’s stock traded hands. The company’s 50 day moving average is $71.77 and its 200-day moving average is $70.95. Wal-Mart Stores Inc. has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a market cap of $212.51 billion, a price-to-earnings ratio of 14.79 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results 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. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
Several research analysts have recently commented on the company. Jefferies Group set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank AG reissued a “hold” rating and issued a $77.00 target price (up from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Royal Bank Of Canada reduced their target price on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Friday. Buckingham Research reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, Vetr downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $76.24 target price on the stock. in a report on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $75.59.
In related news, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares in the company, valued at $2,105,497.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 6,748,580 shares in the company, valued at $482,118,555.20. The disclosure for this sale can be found here. Corporate 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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