Wal-Mart Stores, Inc. (WMT) Shares Bought by City Holding Co.
City Holding Co. boosted its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,771 shares of the retailer’s stock after buying an additional 2,975 shares during the quarter. Wal-Mart Stores makes up about 1.0% of City Holding Co.’s investment portfolio, making the stock its 21st biggest holding. City Holding Co.’s holdings in Wal-Mart Stores were worth $2,858,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sanders Morris Harris Inc. bought a new position in shares of Wal-Mart Stores during the first quarter valued at approximately $231,000. Rothschild Investment Corp IL grew its holdings in shares of Wal-Mart Stores by 5.1% during the first quarter. Rothschild Investment Corp IL now owns 47,114 shares of the retailer’s stock valued at $3,396,000 after purchasing an additional 2,280 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Wal-Mart Stores by 3.6% during the first quarter. State of Alaska Department of Revenue now owns 258,522 shares of the retailer’s stock valued at $18,632,000 after purchasing an additional 8,965 shares during the last quarter. Hexavest Inc. grew its holdings in shares of Wal-Mart Stores by 3.4% during the first quarter. Hexavest Inc. now owns 2,455,348 shares of the retailer’s stock valued at $176,981,000 after purchasing an additional 80,290 shares during the last quarter. Finally, Motco grew its holdings in shares of Wal-Mart Stores by 0.7% during the first quarter. Motco now owns 42,869 shares of the retailer’s stock valued at $3,090,000 after purchasing an additional 310 shares during the last quarter. 30.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.04% during mid-day trading on Tuesday, reaching $79.97. 2,887,778 shares of the company’s stock traded hands. The company’s 50 day moving average is $79.87 and its 200-day moving average is $76.21. The firm has a market cap of $240.55 billion, a price-to-earnings ratio of 19.21 and a beta of 0.30. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. Wal-Mart Stores also saw unusually large options trading activity on Monday. Investors acquired 5,107 put options on the company. This is an increase of 351% compared to the average volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.
Several equities analysts have recently commented on WMT shares. 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, May 29th. Robert W. Baird set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, May 31st. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.17 target price for the company in a report on Wednesday, June 7th. BidaskClub lowered Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus price target of $80.25.
In other news, Director S Robson Walton sold 2,117,863 shares of Wal-Mart Stores stock in a transaction on Friday, September 1st. The shares were sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $262,411,798.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,948,971 shares of company stock worth $628,583,326. Insiders own 51.39% of the company’s stock.
Wal-Mart Stores 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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