Renaissance Technologies LLC raised its position in Wal-Mart Stores Inc (NYSE:WMT) by 41.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,959,100 shares of the retailer’s stock after buying an additional 1,164,600 shares during the period. Wal-Mart Stores comprises about 0.4% of Renaissance Technologies LLC’s holdings, making the stock its 18th largest position. Renaissance Technologies LLC’s holdings in Wal-Mart Stores were worth $273,653,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of WMT. Piershale Financial Group Inc. boosted its position in Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares during the period. Vantage Investment Advisors LLC boosted its position in Wal-Mart Stores by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,118 shares of the retailer’s stock worth $153,000 after buying an additional 8 shares during the period. WealthTrust Arizona LLC boosted its position in Wal-Mart Stores by 0.5% in the third quarter. WealthTrust Arizona LLC now owns 2,549 shares of the retailer’s stock worth $184,000 after buying an additional 13 shares during the period. Wellington Shields & Co. LLC boosted its position in Wal-Mart Stores by 0.4% in the third quarter. Wellington Shields & Co. LLC now owns 3,646 shares of the retailer’s stock worth $263,000 after buying an additional 15 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in Wal-Mart Stores by 0.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,576 shares of the retailer’s stock worth $186,000 after buying an additional 16 shares during the period. 29.69% of the stock is owned by institutional investors.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at 69.98 on Tuesday. Wal-Mart Stores Inc has a 12 month low of $62.72 and a 12 month high of $75.19. The company has a market cap of $214.49 billion, a price-to-earnings ratio of 15.98 and a beta of 0.09. The company’s 50 day moving average price is $69.19 and its 200 day moving average price is $69.87.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 21st. The retailer reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.01. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business had revenue of $129.75 billion for the quarter, compared to the consensus estimate of $130.22 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that Wal-Mart Stores Inc will post $4.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. Wal-Mart Stores’s payout ratio is 43.48%.
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A number of research firms have recently commented on WMT. Piper Jaffray Companies reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, December 28th. Susquehanna Bancshares Inc began coverage on Wal-Mart Stores in a report on Friday, February 10th. They set a “positive” rating and a $80.00 price target for the company. MKM Partners set a $72.00 price target on Wal-Mart Stores and gave the stock a “hold” rating in a report on Saturday, February 18th. Sanford C. Bernstein set a $75.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday, February 21st. Finally, Bank of America Corp reissued a “buy” rating and set a $88.00 price target on shares of Wal-Mart Stores in a report on Tuesday, March 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $74.85.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,667,343 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the sale, the insider now owns 10,507,127 shares in the company, valued at $756,408,072.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $68.32, for a total value of $2,210,152.00. Following the sale, the insider now owns 245,328 shares in the company, valued at approximately $16,760,808.96. The disclosure for this sale can be found here. Insiders have sold 15,617,391 shares of company stock worth $1,112,245,763 in the last 90 days. Company insiders own 51.55% of the company’s stock.
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 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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