Barber Financial Group Inc. reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,346 shares of the retailer’s stock after selling 352 shares during the period. Barber Financial Group Inc.’s holdings in Wal-Mart Stores were worth $385,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Ropes Wealth Advisors LLC increased its position in shares of Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after buying an additional 1,039 shares during the last quarter. First Personal Financial Services increased its stake in Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after buying an additional 3,434 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after buying an additional 31,436 shares in the last quarter. British Columbia Investment Management Corp increased its stake in Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock worth $57,359,000 after buying an additional 209,619 shares in the last quarter. Finally, Davis R M Inc. purchased a new stake in Wal-Mart Stores during the first quarter worth approximately $249,000. Institutional investors and hedge funds own 30.00% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.31 on Friday. The firm has a 50-day moving average price of $78.09 and a 200-day moving average price of $74.64. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. The stock has a market cap of $239.08 billion, a price-to-earnings ratio of 18.01 and a beta of 0.29.
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A number of research firms recently commented on WMT. Jefferies Group LLC set a $93.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada upped their price objective on Wal-Mart Stores from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Friday. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday. Citigroup Inc. upped their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $80.01.
In other news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 3,000,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $79.25, for a total transaction of $237,750,000.00. Following the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at $265,087,763. The disclosure for this sale can be found here. In the last three months, insiders sold 23,001,578 shares of company stock worth $1,815,723,535. 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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