Quotient Investors LLC Has $594,000 Stake in Wal-Mart Stores, Inc. (WMT)
Quotient Investors LLC maintained its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, Holdings Channel reports. The institutional investor owned 8,239 shares of the retailer’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Wal-Mart Stores were worth $594,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Private Asset Management Inc. acquired a new position in shares of Wal-Mart Stores during the first quarter worth approximately $221,000. Beacon Financial Group boosted its position in Wal-Mart Stores by 11.3% in the first quarter. Beacon Financial Group now owns 21,256 shares of the retailer’s stock worth $1,521,000 after buying an additional 2,165 shares during the last quarter. Macquarie Group Ltd. boosted its position in Wal-Mart Stores by 47.6% in the fourth quarter. Macquarie Group Ltd. now owns 178,757 shares of the retailer’s stock worth $12,355,000 after buying an additional 57,670 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Wal-Mart Stores during the fourth quarter worth about $3,370,000. Finally, Kentucky Retirement Systems purchased a new position in Wal-Mart Stores during the fourth quarter worth about $7,553,000. Institutional investors own 30.09% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.01% on Friday, hitting $80.65. 4,288,733 shares of the stock traded hands. The firm has a 50-day moving average price of $77.30 and a 200-day moving average price of $74.05. The company has a market capitalization of $243.12 billion, a PE ratio of 18.31 and a beta of 0.29. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. Wal-Mart Stores also was the target of some unusual options trading activity on Tuesday. Investors bought 59,526 call options on the stock. This represents an increase of 408% compared to the average daily volume of 11,715 call options.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same period in the previous year, the business posted $0.98 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current year.
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A number of research firms have issued reports on WMT. Vetr cut shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective on the stock. in a research report on Monday, June 19th. Jefferies Group LLC boosted their price objective on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Royal Bank Of Canada restated a “sell” rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. BidaskClub cut shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley set a $77.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Monday, May 29th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.40.
In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 1,322 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the sale, the insider now owns 23,854 shares of the company’s stock, valued at $1,878,502.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. Company 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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