Americafirst Capital Management LLC now owns 11,423 shares of the retailer's stock valued at $823,000 after purchasing an additional 10,133 shares during the period. (NYSE:WMT) by 25.2% in the 1st quarter, according to its most recent 13F filing with the SEC. Finally, Horan Capital Management grew its stake in shares of Wal-Mart Stores by 7.1% during the 1st quarter. SNS Financial Group LLC boosted its stake in shares of Wal-Mart Stores by 3.0% in the second quarter. This works out to a net decrease in ownership of 1.18 million shares, and suggests that institutions are feeling bearish about the stock.
Analyzing the technical facts of Wal-Mart Stores, Inc. Cribstone Capital Management LLC now owns 25,089 shares of the retailer's stock valued at $1,829,000 after purchasing an additional 4,520 shares during the period. Richard Bernstein Advisors LLC's holdings in Wal-Mart Stores were worth $1,072,000 at the end of the most recent reporting period. Horan Capital Management now owns 230,474 shares of the retailer's stock valued at $16,612,000 after buying an additional 15,319 shares during the period.
Wal-Mart (WMT) is restructuring its USA store operations and will consolidate its business divisions from six to four, according to reports. Essex Financial Services Inc. now owns 10,145 shares of the retailer's stock worth $731,000 after acquiring an additional 29 shares during the period.
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Wal-Mart Stores, Inc. Insiders sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last quarter. Wal-Mart Stores, Inc. has had 48 insider trades in the last 3 months, including 9 open market buys and 39 sells. The company has a market cap of $241.81 billion, a PE ratio of 19.32 and a beta of 0.30. In terms of moving averages, the 200-day is now at 73.86, the 50-day is 78.57, and the 7-day is resting at 79.72.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The company had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the previous year, the company posted $1.03 EPS. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
Several research firms have recently weighed in on WMT. Finally, Sanford C. Bernstein set a $75.00 price target on Wal-Mart Stores and gave the company a "neutral" rating in a research note on Saturday, May 20th.
The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 105.67 million shares, BLACKROCK INC. with 89.54 million shares, STATE STREET CORP with 71.7 million shares, DODGE & COX with 21.25 million shares, and FMR LLC with 17.98 million shares. Zacks Investment Research upgraded shares of Wal-Mart Stores from a "hold" rating to a "buy" rating and set a $82.00 price objective on the stock in a report on Thursday, July 13th. Company insiders own 51.39% of the company's stock. Wal-Mart Stores has a consensus rating of "Hold" and an average price target of $80.25.
In other news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction that occurred on Tuesday, August 22nd. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The share price has already crossed its 20 days moving average, floating at a distance of 0.27% and sits 1.56% higher versus its 50 days moving average. The disclosure for this sale can be found here. Patters in insider activity can help analysts formulate an outlook for a stock.