Harbour Capital Advisors LLC boosted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 4,421.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,225 shares of the retailer’s stock after buying an additional 59,871 shares during the period. Harbour Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $809,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in WMT. Canada Pension Plan Investment Board grew its stake in Wal-Mart Stores by 161.4% during the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Wal-Mart Stores during the first quarter worth about $111,777,000. Swiss National Bank grew its stake in Wal-Mart Stores by 24.3% during the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after buying an additional 1,188,400 shares in the last quarter. State Street Corp grew its stake in Wal-Mart Stores by 1.2% during the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after buying an additional 854,010 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Wal-Mart Stores by 10.3% during the second quarter. Fisher Asset Management LLC now owns 5,853,675 shares of the retailer’s stock worth $443,006,000 after buying an additional 544,692 shares in the last quarter. Hedge funds and other institutional investors own 30.19% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) opened at 80.50 on Thursday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The stock has a 50 day moving average of $79.87 and a 200 day moving average of $76.28. The company has a market cap of $240.47 billion, a price-to-earnings ratio of 20.54 and a beta of 0.30. Wal-Mart Stores also saw unusually large options trading on Monday. Investors bought 5,107 put options on the company. This is an increase of approximately 351% compared to the average daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.
A number of equities research analysts have issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday. Royal Bank Of Canada set a $77.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research note on Monday. Robert W. Baird reiterated a “buy” rating and set a $85.00 price objective on shares of Wal-Mart Stores in a research note on Sunday. BMO Capital Markets reiterated a “market weight” rating on shares of Wal-Mart Stores in a research note on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.25.
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In related news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s 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 completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. Insiders sold 7,948,971 shares of company stock valued at $628,583,326 in the last ninety days. 51.39% of the stock is currently owned by insiders.
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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