Greystone Managed Investments Inc. raised its position in Wal-Mart Stores Inc (NYSE:WMT) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,337 shares of the retailer’s stock after acquiring an additional 1,608 shares during the period. Greystone Managed Investments Inc.’s holdings in Wal-Mart Stores were worth $10,653,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Winfield Associates Inc. raised its holdings in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in shares of Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 30.62% of the company’s stock.
WMT has been the subject of a number of research analyst reports. Citigroup raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and raised their price target for the stock from $106.00 to $117.00 in a report on Tuesday, December 19th. Goldman Sachs Group raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Wolfe Research raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Seventeen equities research 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 has a consensus rating of “Buy” and a consensus price target of $100.30.
In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 over the last 90 days. 51.39% of the stock is currently owned by company insiders.
Wal-Mart Stores Inc (WMT) traded down $0.65 on Friday, reaching $99.37. 14,131,046 shares of the company were exchanged, compared to its average volume of 9,020,000. The firm has a market capitalization of $294,370.00, a price-to-earnings ratio of 26.43, a PEG ratio of 3.55 and a beta of 0.42. Wal-Mart Stores Inc has a 52-week low of $67.56 and a 52-week high of $109.98. 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 posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. equities analysts anticipate that Wal-Mart Stores Inc will post 4.44 EPS for the current year.
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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.
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