Wal-Mart Stores, Inc. (NYSE:WMT) Stake Raised by Chemung Canal Trust Co.

Chemung Canal Trust Co. raised its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 50.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,723 shares of the retailer’s stock after buying an additional 35,673 shares during the period. Wal-Mart Stores comprises approximately 1.9% of Chemung Canal Trust Co.’s holdings, making the stock its 21st largest position. Chemung Canal Trust Co.’s holdings in Wal-Mart Stores were worth $8,001,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WMT. TrimTabs Asset Management LLC boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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. 30.00% of the stock is currently owned by institutional investors.

Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.49% during trading on Friday, reaching $79.31. 9,752,957 shares of the company were exchanged. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The stock has a market capitalization of $238.56 billion, a price-to-earnings ratio of 19.06 and a beta of 0.29. The company has a 50 day moving average price of $78.09 and a 200-day moving average price of $74.64.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter last year, the firm posted $1.07 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.

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Several brokerages have commented on WMT. Vetr cut 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 report on Monday, June 19th. Jefferies Group LLC raised their target price on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Royal Bank Of Canada reiterated a “sell” rating and issued a $67.00 target price on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BidaskClub cut shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.13.

In other Wal-Mart Stores news, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $530,775,817. The disclosure for this sale can be found here. Insiders have sold a total of 23,001,578 shares of company stock valued at $1,815,723,535 in the last ninety days. 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.

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

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