Narus Financial Partners LLC lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,942 shares of the retailer’s stock after selling 2,715 shares during the quarter. Wal-Mart Stores makes up 59.7% of Narus Financial Partners LLC’s investment portfolio, making the stock its largest holding. Narus Financial Partners LLC’s holdings in Wal-Mart Stores were worth $64,702,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Wal-Mart Stores in the 1st quarter worth about $201,000. SRS Capital Advisors Inc. increased its stake in Wal-Mart Stores by 75.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after purchasing an additional 901 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in Wal-Mart Stores by 7.2% in the 1st quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after purchasing an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC increased its stake in Wal-Mart Stores by 0.9% in the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after purchasing an additional 22 shares in the last quarter. 30.19% of the stock is currently owned by hedge funds and other institutional investors.
WMT has been the topic of a number of analyst reports. UBS AG reissued a “neutral” rating and issued a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price target on shares of Wal-Mart Stores in a research note on Monday, May 22nd. Wells Fargo & Company reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, May 23rd. Morgan Stanley set a $77.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Monday, May 29th. Finally, Sanford C. Bernstein set a $75.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Monday, May 29th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $80.25.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.49% during mid-day trading on Monday, reaching $80.77. The company had a trading volume of 2,627,399 shares. The stock has a market capitalization of $242.96 billion, a P/E ratio of 19.41 and a beta of 0.30. The firm’s 50 day moving average is $79.86 and its 200-day moving average is $76.06. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.
In other news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the transaction, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores 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. In the last quarter, insiders sold 7,948,971 shares of company stock worth $628,583,326. Corporate insiders own 51.39% of the company’s stock.
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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.
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