YorkBridge Wealth Partners LLC Has $339,000 Stake in Wal-Mart Stores, Inc. (WMT)

YorkBridge Wealth Partners LLC cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 30.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,495 shares of the retailer’s stock after selling 1,952 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Wal-Mart Stores were worth $339,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WMT. Asset Planning Services Ltd. raised its stake 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 worth $109,000 after buying an additional 11 shares during the last quarter. Wellington Shields & Co. LLC increased its position in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after buying an additional 15 shares during the period. Alexandria Capital LLC increased its position in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares during the period. Cohen Lawrence B increased its position in shares of Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares during the last quarter. Finally, Courier Capital LLC increased its position in shares of Wal-Mart Stores by 0.8% in the first quarter. Courier Capital LLC now owns 5,314 shares of the retailer’s stock worth $383,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 30.00% of the company’s stock.

Wal-Mart Stores, Inc. (WMT) traded down 0.49% during trading on Friday, reaching $79.31. The company had a trading volume of 9,752,957 shares. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a 50 day moving average price of $78.09 and a 200 day moving average price of $74.64. The company has a market capitalization of $238.56 billion, a PE ratio of 19.06 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the firm 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, equities analysts forecast that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.

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WMT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Tuesday, April 25th. MKM Partners reaffirmed a “neutral” rating and set a $77.00 target price (up from $72.00) on shares of Wal-Mart Stores in a research report on Wednesday, April 26th. Pacific Crest lowered shares of Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Royal Bank Of Canada reissued a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $74.00 target price on shares of Wal-Mart Stores in a research note on Friday, May 5th. 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 given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $80.13.

In related news, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the completion of the sale, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Cheesewright sold 25,729 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 23,001,578 shares of company stock worth $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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