Headinvest LLC boosted its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,776 shares of the retailer’s stock after buying an additional 4,575 shares during the period. Wal-Mart Stores comprises 1.2% of Headinvest LLC’s holdings, making the stock its 28th largest position. Headinvest LLC’s holdings in Wal-Mart Stores were worth $3,691,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Roundview Capital LLC boosted its stake in Wal-Mart Stores by 2.4% in the fourth quarter. Roundview Capital LLC now owns 32,471 shares of the retailer’s stock valued at $2,244,000 after buying an additional 760 shares during the period. Fred Alger Management Inc. boosted its stake in Wal-Mart Stores by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 29,172 shares of the retailer’s stock valued at $2,016,000 after buying an additional 599 shares during the period. Girard Securities Inc. boosted its stake in shares of Wal-Mart Stores by 8.3% in the fourth quarter. Girard Securities Inc. now owns 3,909 shares of the retailer’s stock worth $270,000 after buying an additional 300 shares during the period. First Republic Investment Management Inc. boosted its stake in shares of Wal-Mart Stores by 6.8% in the fourth quarter. First Republic Investment Management Inc. now owns 365,281 shares of the retailer’s stock worth $25,248,000 after buying an additional 23,174 shares during the period. Finally, Intellectus Partners LLC bought a new stake in shares of Wal-Mart Stores during the fourth quarter worth $1,339,000. 30.00% of the stock is owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.49% during trading on Friday, hitting $79.31. 9,752,957 shares of the stock traded hands. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The company has a market cap of $238.56 billion, a PE ratio of 19.06 and a beta of 0.29. The company has a 50 day moving average of $78.09 and a 200-day moving average of $74.64.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.
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WMT has been the topic of a number of recent research reports. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Friday, August 11th. Cowen and Company set a $86.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Gordon Haskett began coverage on shares of Wal-Mart Stores in a research note on Tuesday, May 9th. They set a “buy” rating and a $90.00 price target on the stock. BidaskClub upgraded shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Wednesday, July 26th. 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. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $80.13.
In other news, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the completion of the sale, the insider now directly owns 23,854 shares of the company’s stock, valued at approximately $1,878,502.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold a total of 23,001,578 shares of company stock valued at $1,815,723,535 over the last three months. Company 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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