Nippon Life Global Investors Americas Inc. Has $4.80 Million Stake in Wal-Mart Stores, Inc. (NYSE:WMT)

Nippon Life Global Investors Americas Inc. cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 40.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,595 shares of the retailer’s stock after selling 45,160 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Wal-Mart Stores were worth $4,801,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares in the last quarter. High Point Bank & Trust Co. raised its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock valued at $136,000 after buying an additional 820 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock valued at $180,000 after buying an additional 169 shares in the last quarter. 30.09% of the stock is owned by institutional investors.

Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.006% during mid-day trading on Friday, hitting $80.655. The company had a trading volume of 2,893,774 shares. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a market capitalization of $243.13 billion, a P/E ratio of 18.314 and a beta of 0.29. The company has a 50-day moving average price of $77.30 and a 200 day moving average price of $74.05. Wal-Mart Stores also was the recipient of unusually large options trading on Tuesday. Traders purchased 59,526 call options on the stock. This is an increase of approximately 408% compared to the average volume of 11,715 call options.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. During the same quarter in the prior year, the company earned $0.98 EPS. Wal-Mart Stores’s revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.

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WMT has been the subject of a number of research analyst reports. Vetr lowered shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective for the company. in a report on Monday, June 19th. Jefferies Group LLC increased their price objective on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 12th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BidaskClub lowered shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a 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 report on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and a consensus price target of $79.40.

In other Wal-Mart Stores news, insider David Chojnowski sold 5,142 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director S Robson Walton sold 1,618,300 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $80.22, for a total value of $129,820,026.00. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,332,370.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is owned by corporate insiders.

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.

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

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