Webster Bank N. A. increased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,861 shares of the retailer’s stock after buying an additional 180 shares during the period. Webster Bank N. A.’s holdings in Wal-Mart Stores were worth $2,657,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Prudential PLC raised its position in shares of Wal-Mart Stores by 30.9% in the fourth quarter. Prudential PLC now owns 1,910,863 shares of the retailer’s stock worth $132,079,000 after buying an additional 450,868 shares during the last quarter. Honkamp Krueger Financial Services Inc. ADV bought a new position in shares of Wal-Mart Stores during the fourth quarter worth $1,744,000. ARP Americas LLC acquired a new position in Wal-Mart Stores during the fourth quarter worth approximately $450,000. JT Stratford LLC acquired a new position in Wal-Mart Stores during the fourth quarter worth approximately $546,000. Finally, Coldstream Capital Management Inc. increased its position in Wal-Mart Stores by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,442 shares of the retailer’s stock worth $238,000 after buying an additional 207 shares in the last quarter. 30.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.04% during trading on Friday, hitting $79.81. 4,975,216 shares of the stock were exchanged. The firm has a market capitalization of $240.59 billion, a price-to-earnings ratio of 18.06 and a beta of 0.28. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $80.47. The stock’s 50 day moving average price is $76.50 and its 200 day moving average price is $73.26.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current year.
WMT has been the subject of a number of recent research reports. Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research note on Sunday, June 4th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective for the company in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research note on Monday, May 15th. BMO Capital Markets restated an “underperform” rating and set a $63.00 price objective on shares of Wal-Mart Stores in a research note on Friday, April 7th. Finally, Sanford C. Bernstein set a $75.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $78.46.
In other news, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were 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 owns 23,854 shares of the company’s stock, valued at approximately $1,878,502.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 in the last ninety days. 51.39% of the stock is owned by corporate insiders.
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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