Stonebridge Capital Advisors LLC Decreases Position in Wal-Mart Stores, Inc. (WMT)
Stonebridge Capital Advisors LLC reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,395 shares of the retailer’s stock after selling 360 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $3,200,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Wal-Mart Stores during the first quarter valued at $111,777,000. Swiss National Bank boosted its stake in shares of Wal-Mart Stores by 24.3% in the first 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 during the last quarter. State Street Corp boosted its stake in shares of Wal-Mart Stores by 1.2% in the first 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 during the last quarter. Finally, QV Investors Inc. boosted its stake in shares of Wal-Mart Stores by 114.3% in the first quarter. QV Investors Inc. now owns 920,393 shares of the retailer’s stock valued at $66,341,000 after buying an additional 491,004 shares during the last quarter. 30.00% of the stock is owned by institutional investors.
Shares of Wal-Mart Stores, Inc. (WMT) traded up 0.71% during mid-day trading on Tuesday, hitting $81.27. 1,893,577 shares of the stock traded hands. The stock has a market cap of $244.99 billion, a PE ratio of 18.45 and a beta of 0.29. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The stock has a 50-day moving average of $77.61 and a 200 day moving average of $74.35.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and issued a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Citigroup Inc. upped their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday. BidaskClub raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and a consensus price target of $79.83.
In related news, Director S Robson Walton sold 1,321,340 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Chojnowski sold 5,142 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock worth $1,816,131,604 over the last 90 days. 51.39% of the stock is currently owned by company insiders.
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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