Eastern Bank Sells 27 Shares of Wal-Mart Stores Inc (WMT)

Eastern Bank decreased its position in Wal-Mart Stores Inc (NYSE:WMT) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,235 shares of the retailer’s stock after selling 27 shares during the period. Eastern Bank’s holdings in Wal-Mart Stores were worth $594,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Wal-Mart Stores during the third quarter worth $104,000. BKS Advisors LLC bought a new position in shares of Wal-Mart Stores during the third quarter worth approximately $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its position in shares of Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock worth $118,000 after buying an additional 351 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Wal-Mart Stores during the fourth quarter worth approximately $125,000. 29.69% of the stock is owned by institutional investors.

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

Shares of Wal-Mart Stores Inc (NYSE:WMT) traded up 1.48% during mid-day trading on Friday, hitting $78.69. The stock had a trading volume of 6,443,950 shares. Wal-Mart Stores Inc has a 1-year low of $65.28 and a 1-year high of $78.90. The stock’s 50-day moving average is $74.53 and its 200 day moving average is $70.82. The firm has a market capitalization of $238.67 billion, a price-to-earnings ratio of 17.97 and a beta of 0.09.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Wal-Mart Stores’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Wal-Mart Stores Inc will post $4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s dividend payout ratio (DPR) is presently 43.48%.

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A number of research analysts have recently commented on the company. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $84.00 target price (up previously from $82.00) on shares of Wal-Mart Stores in a report on Friday. Vetr lowered Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $79.40 target price on the stock. in a report on Monday, May 8th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $74.00 target price on shares of Wal-Mart Stores in a report on Monday. Finally, Jefferies Group LLC raised their target price on Wal-Mart Stores from $86.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.33.

In other news, major shareholder Jim C. Walton sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $70.50, for a total transaction of $211,500,000.00. Following the sale, the insider now owns 10,507,127 shares in the company, valued at $740,752,453.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Jim C. Walton sold 3,667,343 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $756,408,072.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,585,041 shares of company stock worth $1,110,035,611. Corporate insiders own 51.55% of the company’s stock.

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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