Dumont & Blake Investment Advisors LLC decreased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,306 shares of the retailer’s stock after selling 380 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Wal-Mart Stores were worth $1,680,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in WMT. Dodge & Cox bought a new position in Wal-Mart Stores during the fourth quarter valued at approximately $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Wal-Mart Stores during the fourth quarter valued at approximately $274,739,000. Canada Pension Plan Investment Board boosted its position in Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares during the last quarter. AQR Capital Management LLC boosted its position in Wal-Mart Stores by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 8,810,593 shares of the retailer’s stock valued at $608,988,000 after buying an additional 1,689,794 shares during the last quarter. Finally, Highfields Capital Management LP bought a new position in Wal-Mart Stores during the fourth quarter valued at approximately $69,120,000. 30.15% of the stock is currently owned by hedge funds and other institutional investors.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at 76.15 on Friday. The stock has a 50 day moving average of $76.69 and a 200-day moving average of $72.87. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $80.47. The company has a market cap of $229.55 billion, a price-to-earnings ratio of 17.29 and a beta of 0.28.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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Several equities analysts have recently issued reports on WMT shares. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, May 2nd. BMO Capital Markets raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $63.00 to $80.00 in a research note on Friday, May 19th. KeyCorp reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research note on Wednesday, April 19th. Finally, Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $78.11.
In other news, insider David Cheesewright sold 25,729 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total value of $1,972,127.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $530,775,817. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. Insiders own 51.39% of the company’s stock.
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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