Johanson Financial Advisors Inc. grew its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 69.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,874 shares of the retailer’s stock after purchasing an additional 4,030 shares during the quarter. Johanson Financial Advisors Inc.’s holdings in Wal-Mart Stores were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Pennsylvania Trust Co lifted its stake in shares of Wal-Mart Stores by 56.5% in the 4th quarter. Pennsylvania Trust Co now owns 83,093 shares of the retailer’s stock valued at $8,214,000 after purchasing an additional 29,984 shares during the period. Atria Investments LLC lifted its stake in shares of Wal-Mart Stores by 40.9% in the 4th quarter. Atria Investments LLC now owns 22,541 shares of the retailer’s stock valued at $2,226,000 after purchasing an additional 6,541 shares during the period. Ayalon Holdings Ltd. acquired a new position in shares of Wal-Mart Stores in the 4th quarter valued at about $610,000. Sheets Smith Wealth Management acquired a new position in shares of Wal-Mart Stores in the 4th quarter valued at about $658,000. Finally, Stillwater Capital Advisors LLC acquired a new position in shares of Wal-Mart Stores in the 4th quarter valued at about $9,445,000. 30.45% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the company. Goldman Sachs Group downgraded Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. Barclays boosted their price objective on Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Vetr downgraded Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price target on the stock. in a research note on Friday, November 17th. Finally, Cowen set a $120.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Thursday, February 8th. Seventeen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Buy” and an average price target of $100.72.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. equities research analysts predict that Wal-Mart Stores Inc will post 4.44 EPS for the current year.
In other news, major shareholder Alice L. Walton sold 1,002,210 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $649,415,853.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey J. Gearhart sold 10,090 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $97.63, for a total value of $985,086.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,464,232 shares of company stock valued at $918,288,525. 51.39% of the stock is currently owned by corporate insiders.
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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.
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