Sii Investments Inc. WI boosted its position in Wal-Mart Stores Inc. (NYSE:WMT) by 121.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,564 shares of the retailer’s stock after buying an additional 11,822 shares during the period. Sii Investments Inc. WI’s holdings in Wal-Mart Stores were worth $1,573,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in WMT. City Holding Co. increased its stake in shares of Wal-Mart Stores by 6.9% in the first quarter. City Holding Co. now owns 34,657 shares of the retailer’s stock worth $2,374,000 after buying an additional 2,241 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Wal-Mart Stores by 3.4% in the first quarter. Carroll Financial Associates Inc. now owns 10,988 shares of the retailer’s stock worth $752,000 after buying an additional 362 shares in the last quarter. Kelman Lazarov Inc. bought a new stake in shares of Wal-Mart Stores during the first quarter worth about $949,000. FirstMerit Bank N A Trustee increased its stake in shares of Wal-Mart Stores by 0.5% in the first quarter. FirstMerit Bank N A Trustee now owns 33,000 shares of the retailer’s stock worth $2,260,000 after buying an additional 159 shares in the last quarter. Finally, Peddock Capital Advisors LLC bought a new stake in shares of Wal-Mart Stores during the first quarter worth about $303,000. Institutional investors own 29.55% of the company’s stock.
Wal-Mart Stores Inc. (NYSE:WMT) traded up 2.3468% during midday trading on Friday, hitting $72.3899. 2,096,748 shares of the company were exchanged. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The stock has a market capitalization of $223.92 billion, a price-to-earnings ratio of 15.5845 and a beta of 0.22. The stock has a 50 day moving average of $72.21 and a 200-day moving average of $70.80.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The company had revenue of $120.90 billion for the quarter, compared to analysts’ expectations of $119.33 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.
A number of equities research analysts have weighed in on WMT shares. Jefferies Group raised Wal-Mart Stores from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $82.00 in a report on Monday, June 6th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price on the stock in a report on Thursday, June 23rd. Finally, Nomura reaffirmed a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and an average target price of $75.30.
In related news, major shareholder Alice L. Walton sold 3,142,846 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $488,664,677.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $767,230,413.54. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate 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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