Acropolis Investment Management LLC Has $2.619 Million Position in Wal-Mart Stores Inc (WMT)

Acropolis Investment Management LLC lowered its stake in shares of Wal-Mart Stores Inc (NYSE:WMT) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 36,336 shares of the retailer’s stock after selling 648 shares during the period. Wal-Mart Stores makes up about 0.5% of Acropolis Investment Management LLC’s investment portfolio, making the stock its 24th largest position. Acropolis Investment Management LLC’s holdings in Wal-Mart Stores were worth $2,619,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Dodge & Cox purchased a new stake in Wal-Mart Stores during the fourth quarter valued at approximately $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Wal-Mart Stores during the fourth quarter valued at approximately $274,739,000. The Manufacturers Life Insurance Company purchased a new stake in Wal-Mart Stores during the third quarter valued at approximately $262,122,000. TIAA CREF Investment Management LLC raised its stake in Wal-Mart Stores by 58.0% in the third quarter. TIAA CREF Investment Management LLC now owns 9,776,421 shares of the retailer’s stock valued at $705,075,000 after buying an additional 3,588,060 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Wal-Mart Stores during the third quarter valued at approximately $237,230,000. 29.69% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores Inc (NYSE:WMT) opened at 74.80 on Friday. The company’s 50 day moving average is $71.29 and its 200 day moving average is $69.86. The stock has a market cap of $226.87 billion, a P/E ratio of 17.08 and a beta of 0.09. Wal-Mart Stores Inc has a 52 week low of $62.72 and a 52 week high of $75.19. Wal-Mart Stores also was the recipient of some unusual options trading activity on Thursday. Investors bought 35,280 call options on the company. This is an increase of 383% compared to the average volume of 7,309 call options.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.01. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm had revenue of $129.75 billion for the quarter, compared to the consensus estimate of $130.22 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores Inc will post $4.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s payout ratio is presently 43.48%.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Mideast Time and is the property of of Mideast Time. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.mideasttime.com/acropolis-investment-management-llc-has-2-619-million-position-in-wal-mart-stores-inc-wmt/1624451.html.

Several analysts recently weighed in on WMT shares. Bank of America Corp reiterated a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a report on Tuesday, March 14th. Stifel Nicolaus started coverage on shares of Wal-Mart Stores in a report on Thursday, January 19th. They issued a “hold” rating and a $70.00 target price for the company. Wells Fargo & Co reiterated a “market perform” rating on shares of Wal-Mart Stores in a report on Thursday, January 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, JPMorgan Chase & Co. set a $64.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, February 15th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $75.33.

In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 4,375,337 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $71.79, for a total value of $314,105,443.23. Following the completion of the sale, the insider now directly owns 10,507,127 shares in the company, valued at $754,306,647.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 3,667,343 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the completion of the sale, the insider now owns 10,507,127 shares of the company’s stock, valued at $756,408,072.73. The disclosure for this sale can be found here. Insiders have sold 15,585,041 shares of company stock worth $1,110,035,611 over the last ninety days. 51.55% of the stock is currently owned by 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

5 Day Chart for NYSE:WMT

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores Inc (NYSE:WMT).

Receive News & Ratings for Wal-Mart Stores Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.