Torch Wealth Management LLC purchased a new position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,400 shares of the retailer’s stock, valued at approximately $1,544,000.
Other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the last quarter. Asset Planning Services Ltd. raised 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. SRS Capital Advisors Inc. raised its stake in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares during the last quarter. Finally, Alexandria Capital LLC raised 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. 30.00% of the stock is owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.63% during trading on Tuesday, hitting $81.21. 2,560,649 shares of the stock traded hands. The company has a market cap of $244.81 billion, a PE ratio of 18.44 and a beta of 0.29. The company has a 50 day moving average of $77.61 and a 200-day moving average of $74.35. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
WMT has been the subject of a number of recent analyst reports. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target for the company in a report on Monday, May 15th. Jefferies Group LLC raised their price target on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 12th. Gordon Haskett initiated coverage on shares of Wal-Mart Stores in a report on Tuesday, May 9th. They set a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Tuesday, April 25th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $79.83.
In related news, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $78.61, for a total transaction of $103,870,537.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Chojnowski sold 5,142 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.36, for a total transaction of $408,069.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is owned by corporate insiders.
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.
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).
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
