Wal-Mart Stores, Inc. (WMT) Stake Reduced by Page Arthur B

Page Arthur B decreased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 10.9% during the second quarter, Holdings Channel reports. The firm owned 10,327 shares of the retailer’s stock after selling 1,265 shares during the period. Page Arthur B’s holdings in Wal-Mart Stores were worth $782,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Country Club Trust Company n.a. boosted its stake in Wal-Mart Stores by 1.5% in the first quarter. Country Club Trust Company n.a. now owns 260,090 shares of the retailer’s stock valued at $18,747,000 after buying an additional 3,955 shares during the period. Quadrant Capital Group LLC boosted its stake in Wal-Mart Stores by 2.9% in the first quarter. Quadrant Capital Group LLC now owns 3,657 shares of the retailer’s stock valued at $249,000 after buying an additional 102 shares during the period. Koshinski Asset Management Inc. boosted its stake in Wal-Mart Stores by 5.1% in the first quarter. Koshinski Asset Management Inc. now owns 6,724 shares of the retailer’s stock valued at $485,000 after buying an additional 328 shares during the period. Lynch & Associates IN boosted its stake in Wal-Mart Stores by 2.9% in the first quarter. Lynch & Associates IN now owns 50,223 shares of the retailer’s stock valued at $3,620,000 after buying an additional 1,394 shares during the period. Finally, Nexus Investment Management Inc. boosted its stake in Wal-Mart Stores by 0.5% in the first quarter. Nexus Investment Management Inc. now owns 212,025 shares of the retailer’s stock valued at $15,283,000 after buying an additional 950 shares during the period. 30.00% of the stock is owned by institutional investors.

Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.01% during mid-day trading on Friday, hitting $79.71. The stock had a trading volume of 5,573,161 shares. The company has a 50-day moving average of $77.99 and a 200-day moving average of $74.54. The firm has a market cap of $240.29 billion, a PE ratio of 18.10 and a beta of 0.29. 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 issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

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Several research firms have issued reports on WMT. Royal Bank Of Canada set a $76.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a research note on Friday, August 4th. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday. Citigroup Inc. raised their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stephens raised Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and raised their target price 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 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average price target of $80.01.

In other news, insider Jacqueline P. Canney sold 1,322 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the transaction, the insider now owns 23,854 shares of the company’s stock, valued at $1,878,502.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold 23,001,578 shares of company stock worth $1,815,723,535 in the last ninety days. Corporate insiders own 51.39% of the company’s stock.

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

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