Capital One National Association Sells 2,187 Shares of Wal-Mart Stores, Inc. (NYSE:WMT)
Capital One National Association decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,040 shares of the retailer’s stock after selling 2,187 shares during the period. Capital One National Association’s holdings in Wal-Mart Stores were worth $1,085,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in Wal-Mart Stores during the fourth quarter valued at approximately $1,503,922,000. AQR Capital Management LLC boosted 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 period. Fisher Asset Management LLC boosted 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 period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Wal-Mart Stores by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,796,977 shares of the retailer’s stock worth $345,766,000 after buying an additional 77,338 shares during the period. Finally, LSV Asset Management boosted its stake in Wal-Mart Stores by 4.6% in the first quarter. LSV Asset Management now owns 4,590,111 shares of the retailer’s stock worth $330,855,000 after buying an additional 203,814 shares during the period. 30.12% of the stock is owned by institutional investors.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.48% during mid-day trading on Friday, hitting $80.48. The company had a trading volume of 7,110,903 shares. The firm’s 50 day moving average is $76.55 and its 200 day moving average is $73.51. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.40. The company has a market capitalization of $242.61 billion, a price-to-earnings ratio of 18.27 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities research analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
WMT has been the topic of a number of research analyst reports. Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research note on Sunday, June 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $74.00 price target on shares of Wal-Mart Stores in a research note on Monday, May 15th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a research report on Monday, May 15th. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Morningstar, Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.86.
In related news, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Chojnowski sold 5,142 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $79.36, for a total value of $408,069.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. Insiders own 51.39% 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 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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