Community Bank & Trust Waco Texas grew its stake in Wal-Mart Stores Inc (NYSE:WMT) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 28,317 shares of the retailer’s stock after acquiring an additional 957 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Wal-Mart Stores were worth $2,796,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of WMT. Voya Investment Management LLC grew its position in Wal-Mart Stores by 10.9% in the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after acquiring an additional 294,383 shares during the period. Cutter & CO Brokerage Inc. grew its position in Wal-Mart Stores by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after acquiring an additional 200 shares during the period. State of Wisconsin Investment Board grew its position in Wal-Mart Stores by 23.1% in the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after acquiring an additional 393,180 shares during the period. Parkside Investments LLC purchased a new position in Wal-Mart Stores in the third quarter worth approximately $344,000. Finally, Numeric Investors LLC grew its position in Wal-Mart Stores by 31.2% in the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after acquiring an additional 280,430 shares during the period. Institutional investors and hedge funds own 30.33% of the company’s stock.
Several research analysts recently weighed in on WMT shares. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co set a $101.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Jefferies Group set a $105.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group reiterated a “buy” rating and issued a $113.00 price objective on shares of Wal-Mart Stores in a research report on Friday. Finally, Barclays set a $100.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, November 13th. Seventeen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $100.72.
In other news, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,057,004 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total value of $198,891,716.76. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $652,520,200.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,462,022 shares of company stock worth $821,845,857. Insiders own 51.39% of the company’s stock.
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Wal-Mart Stores 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.
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