Pzena Investment Management LLC raised its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,115,038 shares of the retailer’s stock after buying an additional 159,994 shares during the period. Wal-Mart Stores comprises approximately 2.1% of Pzena Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Pzena Investment Management LLC owned 0.17% of Wal-Mart Stores worth $368,692,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of WMT. Ameriprise Financial Inc. raised its stake in Wal-Mart Stores by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock valued at $595,995,000 after buying an additional 99,921 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Wal-Mart Stores by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,703 shares of the retailer’s stock valued at $8,052,000 after buying an additional 25,380 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Wal-Mart Stores by 36.6% in the first quarter. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer’s stock valued at $1,237,000 after buying an additional 4,605 shares in the last quarter. Denver Investment Advisors LLC raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Denver Investment Advisors LLC now owns 33,203 shares of the retailer’s stock valued at $2,393,000 after buying an additional 240 shares in the last quarter. Finally, Peddock Capital Advisors LLC raised its stake in Wal-Mart Stores by 13.9% in the first quarter. Peddock Capital Advisors LLC now owns 8,601 shares of the retailer’s stock valued at $620,000 after buying an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 30.00% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.11% during trading on Monday, reaching $79.22. 1,185,502 shares of the company’s stock were exchanged. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The firm has a market capitalization of $238.29 billion, a price-to-earnings ratio of 19.03 and a beta of 0.29. The stock has a 50-day moving average price of $78.09 and a 200 day moving average price of $74.64.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird restated an “outperform” rating and issued a $85.00 price target on shares of Wal-Mart Stores in a report on Monday. UBS AG restated a “neutral” rating and issued a $84.00 price target on shares of Wal-Mart Stores in a report on Sunday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research note on Friday. Finally, Credit Suisse Group reiterated a “hold” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a research note on Friday. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $80.25.
In other news, Director S Robson Walton sold 1,254,984 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $78.69, for a total transaction of $98,754,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 1,322 shares of the business’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 sale, the insider now owns 23,854 shares of the company’s stock, valued at approximately $1,878,502.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,680,238 shares of company stock valued at $1,711,852,997 in the last quarter. Company insiders own 51.39% of the company’s stock.
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.
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