CHICAGO TRUST Co NA boosted its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,393 shares of the retailer’s stock after acquiring an additional 500 shares during the period. CHICAGO TRUST Co NA’s holdings in Wal-Mart Stores were worth $335,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WMT. Thompson Davis & CO. Inc. grew its stake in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. Hudock Capital Group LLC grew its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Wal-Mart Stores in the 2nd quarter worth approximately $149,000. Cable Hill Partners LLC grew its stake in Wal-Mart Stores by 8,165.4% in the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after buying an additional 2,123 shares in the last quarter. Finally, Pure Financial Advisors Inc. purchased a new position in Wal-Mart Stores in the 4th quarter worth approximately $214,000. 30.33% of the stock is owned by institutional investors.
In related news, insider Jeffrey J. Gearhart sold 10,090 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $97.63, for a total transaction of $985,086.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the sale, the director now owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders have sold a total of 8,462,022 shares of company stock valued at $821,845,857 over the last quarter. 51.39% of the stock is currently owned by company insiders.
WMT has been the subject of a number of research reports. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Wells Fargo & Co set a $101.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and issued a $113.00 price target on shares of Wal-Mart Stores in a research note on Friday. Finally, Barclays set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, November 13th. Seventeen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.72.
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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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