Lynch & Associates IN increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 52,879 shares of the retailer’s stock after buying an additional 2,656 shares during the period. Wal-Mart Stores accounts for approximately 1.6% of Lynch & Associates IN’s investment portfolio, making the stock its 24th largest position. Lynch & Associates IN’s holdings in Wal-Mart Stores were worth $4,002,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Gemmer Asset Management LLC increased its stake in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after buying an additional 10 shares during the last quarter. Asset Planning Services Ltd. increased 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. Wellington Shields & Co. LLC increased its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares during the last quarter. Alexandria Capital LLC increased its stake in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.006% on Friday, reaching $80.655. 4,289,133 shares of the company’s stock traded hands. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The firm’s 50-day moving average is $77.30 and its 200-day moving average is $74.05. The stock has a market cap of $243.13 billion, a price-to-earnings ratio of 18.314 and a beta of 0.29. Wal-Mart Stores also saw some unusual options trading activity on Tuesday. Traders acquired 59,526 call options on the stock. This is an increase of 408% compared to the typical volume of 11,715 call options.
Wal-Mart Stores (NYSE:WMT) last posted 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. The company had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. Analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $74.00 price objective on shares of Wal-Mart Stores in a report on Friday, May 5th. Pacific Crest downgraded Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Sanford C. Bernstein restated a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. UBS AG reiterated a “neutral” rating and set a $80.00 price target (up from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. Finally, Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and set a $91.00 price target for the company in a report on Friday. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.40.
In related news, Director S Robson Walton sold 1,618,300 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $268,332,370.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 1,322 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the transaction, the insider now directly owns 23,854 shares of the company’s stock, valued at $1,878,502.50. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604 over the last ninety days. 51.39% of the stock is currently owned by corporate insiders.
About Wal-Mart Stores
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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