Sandy Spring Bank raised its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,662 shares of the retailer’s stock after buying an additional 1,676 shares during the period. Sandy Spring Bank’s holdings in Wal-Mart Stores were worth $2,385,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock valued at $365,175,000 after buying an additional 4,652,393 shares during the period. Bank of Montreal Can bought a new stake in shares of Wal-Mart Stores during the second quarter worth $309,966,000. Emerald Acquisition Ltd. bought a new stake in shares of Wal-Mart Stores during the second quarter worth $260,853,000. State Street Corp boosted its stake in shares of Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock worth $4,903,327,000 after buying an additional 1,726,468 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Wal-Mart Stores during the first quarter worth $85,821,000. Institutional investors and hedge funds own 29.55% of the company’s stock.
Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.64% during midday trading on Monday, hitting $71.89. 1,997,778 shares of the stock traded hands. The firm has a market cap of $222.37 billion, a P/E ratio of 15.48 and a beta of 0.22. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The company has a 50-day moving average price of $72.44 and a 200-day moving average price of $70.69.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The firm earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. Analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
A number of equities research analysts recently weighed in on WMT shares. Credit Suisse Group AG started coverage on shares of Wal-Mart Stores in a research report on Friday, September 16th. They issued an “outperform” rating and a $80.00 price target for the company. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Monday, June 6th. Royal Bank Of Canada boosted their price target on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Friday, August 19th. Finally, Jefferies Group reissued a “buy” rating and issued a $85.00 price target (up from $82.00) on shares of Wal-Mart Stores in a research report on Wednesday, July 20th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.78.
In other news, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $481,646,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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