Smith Shellnut Wilson LLC ADV raised its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 28.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,728 shares of the retailer’s stock after purchasing an additional 1,696 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Wal-Mart Stores were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Seaward Management Limited Partnership grew its stake in shares of Wal-Mart Stores by 1,035.8% during the 2nd quarter. Seaward Management Limited Partnership now owns 404,084 shares of the retailer’s stock worth $30,581,000 after acquiring an additional 368,507 shares during the period. Legacy Capital Partners Inc. grew its stake in shares of Wal-Mart Stores by 3.1% during the 2nd quarter. Legacy Capital Partners Inc. now owns 16,339 shares of the retailer’s stock worth $1,237,000 after acquiring an additional 484 shares during the period. Stoneridge Investment Partners LLC grew its stake in shares of Wal-Mart Stores by 13.5% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 6,339 shares of the retailer’s stock worth $480,000 after acquiring an additional 753 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Wal-Mart Stores during the 2nd quarter worth $1,570,000. Finally, Trexquant Investment LP bought a new position in shares of Wal-Mart Stores during the 2nd quarter worth $946,000. Hedge funds and other institutional investors own 30.62% of the company’s stock.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $99.37 on Friday. Wal-Mart Stores Inc has a 1-year low of $67.56 and a 1-year high of $109.98. The firm has a market capitalization of $294,370.00, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. equities research analysts forecast that Wal-Mart Stores Inc will post 4.43 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Saturday. Cowen set a $120.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Thursday. ValuEngine upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price target for the company in a research note on Thursday, February 1st. Finally, Barclays increased their price target on Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Seventeen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Buy” and a consensus target price of $100.30.
In other news, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the transaction, the insider now directly owns 121,457 shares in the company, valued at approximately $11,764,325.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 826,617 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last quarter. Corporate insiders own 51.39% of the company’s stock.
Wal-Mart Stores 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.
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