Wal-Mart Stores Inc (WMT) Stake Increased by Shelton Capital Management
Shelton Capital Management increased its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 71.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,823 shares of the retailer’s stock after buying an additional 27,448 shares during the period. Shelton Capital Management’s holdings in Wal-Mart Stores were worth $4,550,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in WMT. State Street Corp boosted its position in shares of Wal-Mart Stores by 2.8% in the fourth quarter. State Street Corp now owns 72,714,226 shares of the retailer’s stock worth $5,026,451,000 after buying an additional 2,011,829 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Wal-Mart Stores by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 41,912,723 shares of the retailer’s stock worth $3,022,746,000 after buying an additional 1,910,016 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Wal-Mart Stores by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 20,297,797 shares of the retailer’s stock worth $1,463,878,000 after buying an additional 348,391 shares during the period. BlackRock Fund Advisors boosted its position in shares of Wal-Mart Stores by 3.2% in the third quarter. BlackRock Fund Advisors now owns 19,932,903 shares of the retailer’s stock worth $1,437,561,000 after buying an additional 623,646 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Wal-Mart Stores by 1.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,071,579 shares of the retailer’s stock worth $1,086,962,000 after buying an additional 179,166 shares during the period. 29.69% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores Inc (NYSE:WMT) opened at 69.98 on Tuesday. Wal-Mart Stores Inc has a 1-year low of $62.72 and a 1-year high of $75.19. The firm has a market capitalization of $214.49 billion, a PE ratio of 15.98 and a beta of 0.09. The stock’s 50 day moving average is $69.19 and its 200-day moving average is $69.87.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The firm earned $129.75 billion during the quarter, compared to the consensus estimate of $130.22 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. Equities research analysts forecast that Wal-Mart Stores Inc will post $4.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s dividend payout ratio is presently 43.48%.
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A number of research analysts recently weighed in on WMT shares. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Deutsche Bank AG restated a “hold” rating on shares of Wal-Mart Stores in a report on Wednesday, January 18th. Wells Fargo & Co initiated coverage on shares of Wal-Mart Stores in a report on Wednesday, January 25th. They set a “market perform” rating and a $71.00 price target for the company. JPMorgan Chase & Co. set a $68.00 price target on shares of Wal-Mart Stores and gave the stock a “sell” rating in a report on Thursday, February 23rd. Finally, Vetr cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 price target for the company. in a report on Tuesday, December 13th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.85.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,667,343 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $71.99, for a total value of $264,012,022.57. Following the sale, the insider now directly owns 10,507,127 shares in the company, valued at $756,408,072.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 4,375,337 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $71.79, for a total value of $314,105,443.23. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at $754,306,647.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,617,391 shares of company stock valued at $1,112,245,763. 51.55% of the stock is currently owned by corporate insiders.
Wal-Mart Stores Company Profile
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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