Cannell Peter B & Co. Inc. maintained its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,850 shares of the retailer’s stock at the end of the 2nd quarter. Cannell Peter B & Co. Inc.’s holdings in Wal-Mart Stores were worth $518,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Wellington Shields & Co. LLC lifted its holdings in shares of Wal-Mart Stores by 0.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after purchasing an additional 15 shares during the last quarter. AMG Funds LLC lifted its holdings in shares of Wal-Mart Stores by 1.0% during the 1st quarter. AMG Funds LLC now owns 32,489 shares of the retailer’s stock valued at $2,342,000 after purchasing an additional 331 shares during the last quarter. Comerica Bank lifted its holdings in shares of Wal-Mart Stores by 1.2% during the 1st quarter. Comerica Bank now owns 599,496 shares of the retailer’s stock valued at $45,226,000 after purchasing an additional 6,816 shares during the last quarter. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Wal-Mart Stores during the 1st quarter valued at $2,577,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Wal-Mart Stores by 7.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 120,624 shares of the retailer’s stock valued at $8,695,000 after purchasing an additional 8,110 shares during the last quarter. Institutional investors own 30.12% of the company’s stock.
WMT has been the subject of several analyst reports. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada set a $74.00 price objective on Wal-Mart Stores and gave the company a “sell” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. assumed coverage on Wal-Mart Stores in a research note on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 target price for the company. Two 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 stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price of $87.54.
In related news, insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now directly owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 621,500 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The disclosure for this sale can be found here. In the last quarter, insiders have 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 $91.09 on Wednesday. The company has a market cap of $272,100.00, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $91.98.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. sell-side analysts forecast that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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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