Calamos Advisors LLC Acquires 77 Shares of Wal-Mart Stores Inc. (WMT)
Calamos Advisors LLC raised its position in Wal-Mart Stores Inc. (NYSE:WMT) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,862 shares of the retailer’s stock after buying an additional 77 shares during the period. Calamos Advisors LLC’s holdings in Wal-Mart Stores were worth $18,172,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Icon Advisers Inc. Co. purchased a new stake in shares of Wal-Mart Stores during the first quarter valued at about $767,000. CIBC World Markets Inc. boosted its position in Wal-Mart Stores by 27.3% in the first quarter. CIBC World Markets Inc. now owns 217,896 shares of the retailer’s stock valued at $14,924,000 after buying an additional 46,673 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its position in Wal-Mart Stores by 3.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 6,783 shares of the retailer’s stock valued at $464,000 after buying an additional 221 shares in the last quarter. Middleton & Co Inc MA boosted its position in Wal-Mart Stores by 718.5% in the first quarter. Middleton & Co Inc MA now owns 35,132 shares of the retailer’s stock valued at $2,406,000 after buying an additional 30,840 shares in the last quarter. Finally, Hyman Charles D bought a new position in Wal-Mart Stores during the first quarter valued at $1,291,000. Institutional investors own 29.55% of the company’s stock.
Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.87% on Tuesday, reaching $67.39. 8,585,373 shares of the company traded hands. The company has a market capitalization of $208.45 billion, a PE ratio of 14.51 and a beta of 0.20. The stock’s 50 day moving average price is $71.63 and its 200 day moving average price is $70.99. Wal-Mart Stores Inc. has a one year low of $56.30 and a one year high of $75.19.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 EPS. On average, equities research analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
Several research firms have weighed in on WMT. BMO Capital Markets lowered their price target on shares of Wal-Mart Stores to $63.00 in a report on Tuesday. Goldman Sachs Group Inc. set a $72.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday. Barclays PLC set a $82.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. set a $72.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday. Finally, RBC Capital Markets reissued an “underperform” rating and issued a $75.00 price target (down from $76.00) on shares of Wal-Mart Stores in a report on Saturday. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and an average price target of $74.93.
In other news, insider Steven P. Whaley sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the sale, the insider now directly owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. Company 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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