Anchor Capital Advisors LLC lowered its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,697 shares of the retailer’s stock after selling 4,542 shares during the period. Anchor Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $12,010,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Rand Wealth LLC acquired a new position in shares of Wal-Mart Stores in the 2nd quarter worth approximately $206,000. Korea Investment CORP grew its stake in shares of Wal-Mart Stores by 68.2% in the 2nd quarter. Korea Investment CORP now owns 1,135,455 shares of the retailer’s stock worth $85,931,000 after purchasing an additional 460,222 shares during the last quarter. Mercer Capital Advisers Inc. grew its stake in shares of Wal-Mart Stores by 3.4% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 44,497 shares of the retailer’s stock worth $3,368,000 after purchasing an additional 1,454 shares during the last quarter. Telemus Capital LLC grew its stake in shares of Wal-Mart Stores by 1.1% in the 2nd quarter. Telemus Capital LLC now owns 3,633 shares of the retailer’s stock worth $275,000 after purchasing an additional 38 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in shares of Wal-Mart Stores by 117.9% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 35,623 shares of the retailer’s stock worth $2,696,000 after purchasing an additional 19,275 shares during the last quarter. 30.19% of the stock is currently owned by institutional investors.
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In other news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $78.45, for a total value of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by insiders.
Several research analysts have commented on WMT shares. Credit Suisse Group reiterated a “hold” rating on shares of Wal-Mart Stores in a report on Sunday, June 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a report on Wednesday, June 14th. Vetr upgraded shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating and set a $90.92 target price for the company in a report on Thursday, June 15th. Finally, BidaskClub cut shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.58.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at 79.00 on Monday. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a market cap of $235.99 billion, a price-to-earnings ratio of 18.98 and a beta of 0.29. The stock has a 50 day moving average of $79.30 and a 200-day moving average of $77.04.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.
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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