British Columbia Investment Management Corp boosted its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 35.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,766 shares of the retailer’s stock after buying an additional 209,619 shares during the period. British Columbia Investment Management Corp’s holdings in Wal-Mart Stores were worth $57,359,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Roundview Capital LLC increased its stake in Wal-Mart Stores by 2.4% in the fourth quarter. Roundview Capital LLC now owns 32,471 shares of the retailer’s stock valued at $2,244,000 after buying an additional 760 shares during the last quarter. Fred Alger Management Inc. increased its stake in Wal-Mart Stores by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 29,172 shares of the retailer’s stock valued at $2,016,000 after buying an additional 599 shares during the last quarter. Girard Securities Inc. increased its stake in Wal-Mart Stores by 8.3% in the fourth quarter. Girard Securities Inc. now owns 3,909 shares of the retailer’s stock valued at $270,000 after buying an additional 300 shares during the last quarter. First Republic Investment Management Inc. increased its position in Wal-Mart Stores by 6.8% in the fourth quarter. First Republic Investment Management Inc. now owns 365,281 shares of the retailer’s stock worth $25,248,000 after buying an additional 23,174 shares in the last quarter. Finally, Intellectus Partners LLC acquired a new position in Wal-Mart Stores during the fourth quarter worth about $1,339,000. 30.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.49% on Friday, reaching $79.31. 9,752,957 shares of the company’s stock traded hands. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The stock has a market capitalization of $238.56 billion, a PE ratio of 19.06 and a beta of 0.29. The company has a 50 day moving average of $78.09 and a 200-day moving average of $74.64.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.
A number of research firms recently issued reports on WMT. Vetr downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 target price for the company. in a research report on Monday, June 19th. Jefferies Group LLC upped 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. Royal Bank Of Canada reiterated a “sell” rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.13.
In other news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 1,321,340 shares of the company’s 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. In the last quarter, insiders have sold 23,001,578 shares of company stock valued at $1,815,723,535. 51.39% of the stock is owned by insiders.
About Wal-Mart Stores
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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