HM Payson & Co. Cuts Stake in Wal-Mart Stores, Inc. (WMT)
HM Payson & Co. cut its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 24.7% during the first quarter, Holdings Channel reports. The firm owned 189,035 shares of the retailer’s stock after selling 62,081 shares during the period. HM Payson & Co.’s holdings in Wal-Mart Stores were worth $13,626,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC increased its position in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. increased its position 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 worth $109,000 after buying an additional 11 shares during the period. Paragon Capital Management Ltd purchased a new position in Wal-Mart Stores during the first quarter worth approximately $201,000. SRS Capital Advisors Inc. increased its position in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position 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 worth $180,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 30.00% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.056% on Wednesday, hitting $80.815. 4,567,679 shares of the stock were exchanged. The firm has a market capitalization of $243.62 billion, a PE ratio of 18.350 and a beta of 0.29. The company has a 50-day moving average price of $77.76 and a 200-day moving average price of $74.46. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.
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WMT has been the subject of a number of research reports. Sanford C. Bernstein restated a “buy” rating on shares of Wal-Mart Stores in a research note on Saturday, May 13th. UBS AG restated a “neutral” rating and issued a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Citigroup Inc. lifted their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.83.
In other news, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $78.61, for a total transaction of $103,870,537.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% 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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