Driehaus Capital Management LLC Purchases 497 Shares of Wal-Mart Stores, Inc. (WMT)
Driehaus Capital Management LLC increased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 11.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,022 shares of the retailer’s stock after acquiring an additional 497 shares during the quarter. Driehaus Capital Management LLC’s holdings in Wal-Mart Stores were worth $362,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Benson Investment Management Company Inc. grew its holdings in Wal-Mart Stores by 4.5% during the 1st quarter. Benson Investment Management Company Inc. now owns 34,222 shares of the retailer’s stock valued at $2,447,000 after buying an additional 1,460 shares in the last quarter. Jolley Asset Management LLC grew its holdings in Wal-Mart Stores by 4.0% during the 1st quarter. Jolley Asset Management LLC now owns 51,478 shares of the retailer’s stock valued at $3,711,000 after buying an additional 1,966 shares in the last quarter. Somerset Trust Co grew its holdings in Wal-Mart Stores by 2.2% during the 1st quarter. Somerset Trust Co now owns 17,632 shares of the retailer’s stock valued at $1,271,000 after buying an additional 378 shares in the last quarter. Evanson Asset Management LLC purchased a new position in Wal-Mart Stores during the 1st quarter valued at about $223,000. Finally, Patten & Patten Inc. TN grew its holdings in Wal-Mart Stores by 3.2% during the 1st quarter. Patten & Patten Inc. TN now owns 6,403 shares of the retailer’s stock valued at $462,000 after buying an additional 200 shares in the last quarter. 30.21% of the stock is owned by institutional investors.
In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last three months. 51.39% of the stock is owned by corporate insiders.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up 1.00% during trading on Tuesday, hitting $79.87. The company had a trading volume of 2,508,794 shares. The company has a market capitalization of $240.25 billion, a P/E ratio of 19.19 and a beta of 0.30. The stock’s 50-day moving average price is $79.72 and its 200 day moving average price is $75.87. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period last year, the company earned $1.07 EPS. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.
WMT has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 target price for the company in a report on Monday, May 15th. Finally, BMO Capital Markets raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $63.00 to $80.00 in a report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $80.25.
About Wal-Mart Stores
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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