Intrust Bank NA raised its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 40.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,279 shares of the retailer’s stock after buying an additional 2,676 shares during the period. Intrust Bank NA’s holdings in Wal-Mart Stores were worth $725,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in WMT. Green Square Capital LLC purchased a new position in shares of Wal-Mart Stores during the first quarter valued at approximately $267,000. First City Capital Management Inc. boosted its holdings in shares of Wal-Mart Stores by 6.8% in the first quarter. First City Capital Management Inc. now owns 3,129 shares of the retailer’s stock valued at $229,000 after purchasing an additional 198 shares during the period. Polianta Ltd purchased a new stake in shares of Wal-Mart Stores in the second quarter valued at approximately $1,082,000. Toth Financial Advisory Corp boosted its holdings in shares of Wal-Mart Stores by 19.1% in the second quarter. Toth Financial Advisory Corp now owns 41,635 shares of the retailer’s stock valued at $3,151,000 after purchasing an additional 6,668 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of Wal-Mart Stores by 2.5% in the second quarter. Indiana Trust & Investment Management CO now owns 5,499 shares of the retailer’s stock valued at $416,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 30.58% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $99.67 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $295,260.00, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $102.35.
Wal-Mart Stores declared that its board has initiated a stock repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now directly owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Insiders own 51.39% of the company’s stock.
WMT has been the subject of a number of research reports. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, December 27th. BMO Capital Markets reiterated a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Jefferies Group set a $105.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $97.09.
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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