Benedict Financial Advisors Inc. Has $2.99 Million Stake in Wal-Mart Stores, Inc. (WMT)

Benedict Financial Advisors Inc. cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,505 shares of the retailer’s stock after selling 6,099 shares during the period. Wal-Mart Stores comprises about 1.6% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 21st largest position. Benedict Financial Advisors Inc.’s holdings in Wal-Mart Stores were worth $2,992,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Wal-Mart Stores by 2.8% in the fourth quarter. State Street Corp now owns 72,714,226 shares of the retailer’s stock valued at $5,026,451,000 after buying an additional 2,011,829 shares during the last quarter. Dodge & Cox acquired a new stake in Wal-Mart Stores during the fourth quarter worth about $1,503,922,000. Dimensional Fund Advisors LP raised its stake in Wal-Mart Stores by 35.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,407,831 shares of the retailer’s stock worth $788,532,000 after buying an additional 2,969,581 shares during the last quarter. AQR Capital Management LLC raised its stake in Wal-Mart Stores by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 8,810,593 shares of the retailer’s stock worth $608,988,000 after buying an additional 1,689,794 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Wal-Mart Stores by 3.2% in the first quarter. Fisher Asset Management LLC now owns 5,308,983 shares of the retailer’s stock worth $382,672,000 after buying an additional 165,474 shares during the last quarter. 30.15% of the stock is owned by institutional investors.

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

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 75.24 on Friday. The stock has a market capitalization of $226.81 billion, a price-to-earnings ratio of 17.08 and a beta of 0.30. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $80.47. The company’s 50 day moving average is $77.60 and its 200-day moving average is $72.06. Wal-Mart Stores also was the target of some unusual options trading on Friday. Stock traders acquired 9,731 call options on the stock. This is an increase of 278% compared to the average volume of 2,572 call options.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 target price on shares of Wal-Mart Stores in a report on Wednesday, February 22nd. Royal Bank Of Canada reaffirmed a “sell” rating and set a $67.00 target price on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Jefferies Group LLC upped their target price on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Goldman Sachs Group, Inc. (The) set a $74.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Finally, Morgan Stanley set a $77.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday, May 29th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.80.

In related news, Director S Robson Walton sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $79.25, for a total transaction of $237,750,000.00. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $265,087,763. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,157,500 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $78.06, for a total value of $90,354,450.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $526,794,154.80. The disclosure for this sale can be found here. Insiders have sold a total of 22,980,991 shares of company stock worth $1,814,159,476 over the last three months. 51.39% of the stock is currently owned by corporate insiders.

About Wal-Mart Stores

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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