American Asset Management Inc. maintained its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the first quarter, according to its most recent filing with the SEC. The firm owned 3,287 shares of the retailer’s stock at the end of the first quarter. American Asset Management Inc.’s holdings in Wal-Mart Stores were worth $237,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $109,000 after buying an additional 11 shares in 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 valued at $180,000 after buying an additional 169 shares in the last quarter. 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 valued at $181,000 after buying an additional 22 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in Wal-Mart Stores during the first quarter valued at about $201,000. Finally, Pinnacle Bank purchased a new stake in Wal-Mart Stores during the first quarter valued at about $204,000. Institutional investors own 30.00% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.11% during trading on Monday, hitting $79.22. The company had a trading volume of 1,185,502 shares. The company has a market capitalization of $238.29 billion, a price-to-earnings ratio of 19.03 and a beta of 0.29. The firm has a 50-day moving average of $78.09 and a 200 day moving average of $74.64. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Wal-Mart Stores’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.
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Several equities research analysts recently issued reports on the company. Royal Bank Of Canada set a $76.00 price target on Wal-Mart Stores and gave the company a “sell” rating in a research report on Friday, August 4th. Citigroup Inc. upped their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. Stephens raised Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $91.00 in a research report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $80.25.
In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total value of $1,972,127.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $530,775,817. The disclosure for this sale can be found here. Insiders have sold 21,680,238 shares of company stock worth $1,711,852,997 in the last quarter. 51.39% of the stock is currently owned by corporate insiders.
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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