Sequoia Financial Advisors LLC raised its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 9.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,232 shares of the retailer’s stock after acquiring an additional 5,087 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Wal-Mart Stores were worth $4,634,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in WMT. Ropes Wealth Advisors LLC increased its holdings in shares of Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after purchasing an additional 1,039 shares during the period. Security National Bank of SO Dak increased its holdings in shares of Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after purchasing an additional 386 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in shares of Wal-Mart Stores by 2.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares during the period. First Personal Financial Services increased its holdings in shares of Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after purchasing an additional 3,434 shares during the period. Finally, State of Wisconsin Investment Board increased its holdings in shares of Wal-Mart Stores by 23.1% during the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares during the period. 30.12% of the stock is currently owned by hedge funds and other institutional investors.
In other Wal-Mart Stores news, 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 value of $727,695.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 646,330 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at $268,265,471.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $90.99 on Tuesday. The stock has a market cap of $271,810.00, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $91.98.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. equities analysts expect that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.
Wal-Mart Stores announced that its board has approved a stock repurchase program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages have recently commented on WMT. Citigroup Inc. raised their target price on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a report on Thursday, August 17th. Credit Suisse Group reaffirmed a “hold” rating and set a $84.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Barclays PLC set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 target price on shares of Wal-Mart Stores in a report on Monday. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $87.27.
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.
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.