State of Alaska Department of Revenue Boosts Holdings in Wal-Mart Stores, Inc. (WMT)
State of Alaska Department of Revenue boosted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,562 shares of the retailer’s stock after buying an additional 7,040 shares during the period. Wal-Mart Stores accounts for about 1.4% of State of Alaska Department of Revenue’s portfolio, making the stock its 6th largest holding. State of Alaska Department of Revenue’s holdings in Wal-Mart Stores were worth $20,097,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% during the 1st 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. Paragon Capital Management Ltd purchased a new stake in Wal-Mart Stores during the 1st quarter worth approximately $201,000. SRS Capital Advisors Inc. increased its stake in Wal-Mart Stores by 75.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in Wal-Mart Stores by 7.2% during the 1st 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 increased its stake in Wal-Mart Stores by 0.9% during the 1st 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 own 30.19% of the company’s stock.
In related news, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total transaction of $727,695.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,923,242 shares of company stock worth $785,551,198 in the last 90 days. Company insiders own 51.39% of the company’s stock.
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Wal-Mart Stores, Inc. (WMT) traded down 0.32% during mid-day trading on Thursday, hitting $79.04. The stock had a trading volume of 3,877,337 shares. The company has a 50 day moving average price of $79.87 and a 200-day moving average price of $76.28. The company has a market cap of $236.11 billion, a price-to-earnings ratio of 18.99 and a beta of 0.30. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.
Several research firms have commented on WMT. Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the stock a “sell” rating in a research note on Friday, August 4th. Citigroup Inc. boosted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. MKM Partners reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a research note on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $80.25.
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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