Whittier Trust Co. Acquires 1,000 Shares of Wal-Mart Stores, Inc. (WMT)

Whittier Trust Co. boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 73,221 shares of the retailer’s stock after buying an additional 1,000 shares during the period. Whittier Trust Co.’s holdings in Wal-Mart Stores were worth $5,278,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Wal-Mart Stores during the fourth quarter worth $125,000. Psagot Investment House Ltd. boosted its stake in Wal-Mart Stores by 46.2% in the fourth quarter. Psagot Investment House Ltd. now owns 1,900 shares of the retailer’s stock worth $131,000 after buying an additional 600 shares during the last quarter. Finally, High Point Bank & Trust Co. boosted its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock worth $136,000 after buying an additional 820 shares during the last quarter. 30.14% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores, Inc. (WMT) opened at 75.50 on Tuesday. The firm has a market cap of $227.59 billion, a P/E ratio of 17.14 and a beta of 0.30. The stock’s 50 day moving average price is $77.61 and its 200 day moving average price is $72.11. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $80.47. Wal-Mart Stores also was the target of some unusual options trading on Monday. Investors acquired 2,571 put options on the stock. This is an increase of approximately 166% compared to the average daily volume of 966 put options.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.

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A number of analysts have weighed in on the stock. Vetr cut shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective on the stock. in a report on Monday. Cowen and Company reissued an “outperform” rating and set a $83.00 price objective on shares of Wal-Mart Stores in a report on Wednesday, February 22nd. Royal Bank Of Canada reissued a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Jefferies Group LLC raised their price objective on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) set a $74.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Hold” and an average price target of $78.46.

In related news, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,157,500 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $78.06, for a total value of $90,354,450.00. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $526,794,154.80. The disclosure for this sale can be found here. Insiders have sold 22,980,991 shares of company stock valued at $1,814,159,476 in the last ninety days. Company insiders own 51.39% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).

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