Wal-Mart Stores, Inc. (WMT) Stake Boosted by RNC Capital Management LLC

RNC Capital Management LLC raised its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dodge & Cox acquired a new position in Wal-Mart Stores during the fourth quarter worth about $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Wal-Mart Stores during the fourth quarter worth about $274,739,000. Canada Pension Plan Investment Board increased its position in Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares during the last quarter. AQR Capital Management LLC increased its position in Wal-Mart Stores by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 8,810,593 shares of the retailer’s stock worth $608,988,000 after buying an additional 1,689,794 shares during the last quarter. Finally, Swiss National Bank increased its position in Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after buying an additional 1,188,400 shares during the last quarter. Institutional investors own 30.00% of the company’s stock.

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

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $121.86 billion. During the same period in the prior year, the business earned $1.07 EPS. Wal-Mart Stores’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. Vetr upgraded 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. Finally, 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. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $80.13.

In other Wal-Mart Stores news, Director S Robson Walton sold 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $79.25, for a total transaction of $237,750,000.00. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $265,087,763. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,001,578 shares of company stock valued at $1,815,723,535. 51.39% of the stock is 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.

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

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