Mercer Capital Advisers Inc. Cuts Stake in Wal-Mart Stores, Inc. (WMT)
Mercer Capital Advisers Inc. lowered its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,466 shares of the retailer’s stock after selling 49 shares during the period. Wal-Mart Stores comprises about 2.6% of Mercer Capital Advisers Inc.’s portfolio, making the stock its 11th largest position. Mercer Capital Advisers Inc.’s holdings in Wal-Mart Stores were worth $3,206,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Compass Capital Management Inc. increased its position in Wal-Mart Stores by 0.9% in the second quarter. Compass Capital Management Inc. now owns 274,940 shares of the retailer’s stock worth $20,076,000 after buying an additional 2,552 shares during the last quarter. Nexus Investment Management Inc. increased its position in Wal-Mart Stores by 7.1% in the third quarter. Nexus Investment Management Inc. now owns 207,675 shares of the retailer’s stock worth $14,978,000 after buying an additional 13,700 shares during the last quarter. KLCM Advisors Inc. increased its position in Wal-Mart Stores by 8.3% in the second quarter. KLCM Advisors Inc. now owns 159,417 shares of the retailer’s stock worth $11,641,000 after buying an additional 12,211 shares during the last quarter. Retirement Systems of Alabama increased its position in Wal-Mart Stores by 3.0% in the second quarter. Retirement Systems of Alabama now owns 1,582,960 shares of the retailer’s stock worth $115,588,000 after buying an additional 45,683 shares during the last quarter. Finally, Riverbridge Partners LLC increased its position in Wal-Mart Stores by 1.6% in the third quarter. Riverbridge Partners LLC now owns 31,216 shares of the retailer’s stock worth $2,251,000 after buying an additional 486 shares during the last quarter. 28.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 1.0644% on Friday, reaching $67.2465. 5,569,752 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $70.11 and a 200 day moving average price of $71.27. The firm has a market cap of $206.66 billion, a PE ratio of 14.5871 and a beta of 0.10. Wal-Mart Stores, Inc. has a one year low of $60.20 and a one year high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The business earned $118.20 billion during the quarter, compared to the consensus estimate of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Analysts expect that Wal-Mart Stores, Inc. will post $4.32 EPS for the current fiscal year.
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A number of research analysts recently issued reports on WMT shares. KeyCorp started coverage on shares of Wal-Mart Stores in a research report on Thursday, September 29th. They set an “overweight” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, December 6th. Credit Suisse Group began coverage on shares of Wal-Mart Stores in a research report on Friday, September 16th. They set an “outperform” rating and a $80.00 target price on the stock. Guggenheim began coverage on shares of Wal-Mart Stores in a report on Friday, September 30th. They set a “buy” rating and a $82.00 price objective on the stock. Finally, J P Morgan Chase & Co set a $72.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday, October 10th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $75.30.
In related news, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.08, for a total transaction of $5,185,352.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total value of $2,210,152.00. Following the transaction, the insider now owns 245,328 shares of the company’s stock, valued at $16,760,808.96. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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