Wal-Mart Stores, Inc. (WMT) Shares Bought by Arthur M. Cohen & Associates LLC
Arthur M. Cohen & Associates LLC raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 9,783 shares of the retailer’s stock after buying an additional 33 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Wal-Mart Stores were worth $705,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its position in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. High Point Bank & Trust Co. raised its position in shares of Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock worth $136,000 after buying an additional 820 shares in the last quarter. Arcadia Investment Management Corp MI raised its position in shares of Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC raised its position in shares of Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) opened at 80.48 on Monday. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.40. The stock has a market capitalization of $242.61 billion, a PE ratio of 18.27 and a beta of 0.29. The stock has a 50 day moving average price of $76.55 and a 200-day moving average price of $73.51.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion during 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 firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
A number of research analysts have commented on WMT shares. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a report on Monday, May 15th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, July 13th. Royal Bank Of Canada reissued a “sell” rating and set a $67.00 target price on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BMO Capital Markets raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $63.00 to $80.00 in a report on Friday, May 19th. Finally, KeyCorp reissued an “overweight” rating and set a $90.00 target price on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.86.
In other Wal-Mart Stores news, 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 transaction of $90,354,450.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $526,794,154.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by company insiders.
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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