Eastern Bank Has $624,000 Stake in Wal-Mart Stores, Inc. (WMT)

Eastern Bank continued to hold its stake in Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,235 shares of the retailer’s stock at the end of the 2nd quarter. Eastern Bank’s holdings in Wal-Mart Stores were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. TrimTabs Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Wal-Mart Stores by 75.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after purchasing an additional 901 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in shares of Wal-Mart Stores by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock valued at $162,000 after purchasing an additional 26 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of Wal-Mart Stores by 7.2% during the 1st quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock valued at $180,000 after purchasing an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC boosted its stake in shares of Wal-Mart Stores by 0.9% during the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after purchasing an additional 22 shares in the last quarter. 30.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 80.00 on Tuesday. The company has a market capitalization of $240.64 billion, a price-to-earnings ratio of 19.22 and a beta of 0.30. The company’s 50-day moving average is $79.87 and its 200 day moving average is $76.21. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. Wal-Mart Stores also was the target of unusually large options trading activity on Monday. Stock investors bought 5,107 put options on the company. This is an increase of approximately 351% compared to the typical daily volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.

A number of equities research analysts have recently weighed in on WMT shares. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $78.00 target price on shares of Wal-Mart Stores in a research note on Monday, May 22nd. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, May 23rd. Morgan Stanley set a $77.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday, May 29th. Sanford C. Bernstein set a $75.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday, May 29th. Finally, Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, May 29th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.25.

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In related news, major shareholder Alice L. Walton sold 1,652,342 shares of Wal-Mart Stores stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $79.35, for a total value of $131,113,337.70. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $535,499,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total transaction of $727,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 in the last ninety days. Corporate insiders own 51.39% of the company’s stock.

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

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