Boyd Watterson Asset Management LLC OH Cuts Holdings in Wal-Mart Stores, Inc. (WMT)
Boyd Watterson Asset Management LLC OH lessened its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 19.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,896 shares of the retailer’s stock after selling 945 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Wal-Mart Stores were worth $295,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of WMT. Canada Pension Plan Investment Board boosted its holdings in Wal-Mart Stores by 161.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares during the period. Karp Capital Management Corp purchased a new position in Wal-Mart Stores in the 1st quarter valued at approximately $111,777,000. Swiss National Bank grew its stake in Wal-Mart Stores by 24.3% in the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after buying an additional 1,188,400 shares in the last quarter. State Street Corp grew its stake in Wal-Mart Stores by 1.2% in the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after buying an additional 854,010 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Wal-Mart Stores by 10.3% in the 2nd quarter. Fisher Asset Management LLC now owns 5,853,675 shares of the retailer’s stock valued at $443,006,000 after buying an additional 544,692 shares in the last quarter. Hedge funds and other institutional investors own 30.19% of the company’s stock.
In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction 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 $804,288,343.20. The disclosure for this sale can be found here. In the last three months, insiders sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is owned by insiders.
Shares of Wal-Mart Stores, Inc. (WMT) traded up 0.92% during midday trading on Tuesday, hitting $79.17. The stock had a trading volume of 4,156,043 shares. The company has a market cap of $236.50 billion, a PE ratio of 19.02 and a beta of 0.29. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company’s 50 day moving average is $79.45 and its 200 day moving average is $76.88. Wal-Mart Stores also was the target of unusually large options trading activity on Monday. Stock investors bought 5,107 put options on the company. This is an increase of 351% compared to the typical daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.
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Several equities analysts have recently weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Vetr cut Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective on the stock. in a report on Monday, June 19th. BidaskClub cut Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $80.78.
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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