RNC Capital Management LLC raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,394 shares of the retailer’s stock after buying an additional 400 shares during the period. RNC Capital Management LLC’s holdings in Wal-Mart Stores were worth $245,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Asset Planning Services Ltd. increased its position 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 worth $109,000 after buying an additional 11 shares during the period. High Point Bank & Trust Co. increased its position 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 worth $136,000 after buying an additional 820 shares during the period. Arcadia Investment Management Corp MI increased its position 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 worth $180,000 after buying an additional 169 shares during the period. Alexandria Capital LLC increased its position in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in Wal-Mart Stores during the first quarter worth approximately $201,000. 30.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 80.40 on Friday. The stock has a market cap of $242.37 billion, a price-to-earnings ratio of 18.26 and a beta of 0.29. The stock’s 50 day moving average is $77.44 and its 200-day moving average is $74.15. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on WMT. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a research report on Monday, May 15th. Jefferies Group LLC lifted their price objective on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Gordon Haskett began coverage on shares of Wal-Mart Stores in a research report on Tuesday, May 9th. They issued a “buy” rating and a $90.00 price objective on the stock. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Tuesday, April 25th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $79.40.
In related news, Director S Robson Walton sold 1,618,300 shares of Wal-Mart Stores stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the sale, the director now owns 3,344,956 shares in the company, valued at approximately $268,332,370.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,278,735 shares of Wal-Mart Stores stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by company 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.
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