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.

TRADEMARK VIOLATION NOTICE: “Wal-Mart Stores, Inc. (WMT) Shares Bought by City Holding Co.” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/19/wal-mart-stores-inc-wmt-shares-bought-by-city-holding-co.html.

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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Receive News & Stock Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related stocks with our FREE daily email newsletter.