Wal-Mart Stores, Inc. (WMT) Shares Bought by Glenview Trust Co

Glenview Trust Co lifted its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,130 shares of the retailer’s stock after acquiring an additional 3,264 shares during the period. Glenview Trust Co’s holdings in Wal-Mart Stores were worth $10,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Winfield Associates Inc. grew its stake in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. TrimTabs Asset Management LLC grew its stake in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its stake in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC grew its stake in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. 30.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.55 during midday trading on Thursday, hitting $97.28. The stock had a trading volume of 7,140,900 shares, compared to its average volume of 8,942,550. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. The stock has a market cap of $289,809.84, a P/E ratio of 22.34, a PEG ratio of 3.61 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. research analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its board has approved a share repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several analysts have recently commented on WMT shares. Robert W. Baird set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 21st. Jefferies Group set a $93.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Thursday, August 17th. Oppenheimer restated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Friday, August 18th. KeyCorp reiterated a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group set a $87.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average price target of $92.68.

In other news, insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the transaction, the insider now owns 21,125 shares in the company, valued at approximately $1,668,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders sold a total of 14,419,109 shares of company stock worth $1,366,198,547 in the last 90 days. Company insiders own 51.39% of the company’s stock.

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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.

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

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