Candriam Luxembourg S.C.A. boosted its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 34,631 shares of the retailer’s stock after buying an additional 3,174 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Wal-Mart Stores were worth $2,529,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Wade G W & Inc. raised its position in Wal-Mart Stores by 43.7% in the first quarter. Wade G W & Inc. now owns 5,715 shares of the retailer’s stock valued at $391,000 after buying an additional 1,738 shares in the last quarter. Glenmede Trust Co. NA raised its position in Wal-Mart Stores by 5.6% in the first quarter. Glenmede Trust Co. NA now owns 698,478 shares of the retailer’s stock valued at $47,838,000 after buying an additional 37,264 shares in the last quarter. Sii Investments Inc. WI raised its position in Wal-Mart Stores by 30.2% in the first quarter. Sii Investments Inc. WI now owns 9,742 shares of the retailer’s stock valued at $668,000 after buying an additional 2,258 shares in the last quarter. Sanders Morris Harris Inc. bought a new position in Wal-Mart Stores during the first quarter valued at $917,000. Finally, Commonwealth Equity Services Inc raised its position in Wal-Mart Stores by 7.2% in the first quarter. Commonwealth Equity Services Inc now owns 377,826 shares of the retailer’s stock valued at $25,877,000 after buying an additional 25,497 shares in the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.95% on Friday, hitting $68.70. 12,653,847 shares of the stock traded hands. 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 cap of $212.51 billion, a PE ratio of 14.79 and a beta of 0.20. The stock has a 50 day moving average of $71.77 and a 200-day moving average of $70.95.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts expect that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
WMT has been the topic of several research reports. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price objective on the stock in a research note on Monday, June 13th. Nomura reiterated a “buy” rating and issued a $81.00 price objective on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Credit Suisse Group AG reiterated a “hold” rating on shares of Wal-Mart Stores in a research note on Wednesday, June 22nd. Bank of America Corp. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Finally, Jefferies Group reiterated a “buy” rating on shares of Wal-Mart Stores in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $75.56.
In related news, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the transaction, the insider now owns 10,507,127 shares of the company’s stock, valued at $767,230,413.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is 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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