Wal-Mart Stores, Inc. (NYSE:WMT) Position Increased by Level Four Advisory Services LLC
Level Four Advisory Services LLC boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 64.7% during the first quarter, Holdings Channel reports. The fund owned 33,323 shares of the retailer’s stock after buying an additional 13,091 shares during the period. Level Four Advisory Services LLC’s holdings in Wal-Mart Stores were worth $2,391,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position 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 in the last quarter. Two Sigma Securities LLC increased its stake in shares of Wal-Mart Stores by 90.6% in the first quarter. Two Sigma Securities LLC now owns 9,613 shares of the retailer’s stock valued at $693,000 after buying an additional 4,569 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Wal-Mart Stores during the first quarter valued at $6,210,000. MEMBERS Trust Co acquired a new stake in shares of Wal-Mart Stores during the first quarter valued at $694,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Wal-Mart Stores during the first quarter valued at $921,000. Institutional investors own 30.09% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.06% during midday trading on Friday, reaching $80.61. 3,138,648 shares of the company’s stock were exchanged. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The company has a market capitalization of $243.00 billion, a PE ratio of 18.30 and a beta of 0.29. The firm has a 50-day moving average of $77.30 and a 200-day moving average of $74.05. Wal-Mart Stores also was the target of some unusual options trading on Tuesday. Traders purchased 59,526 call options on the stock. This represents an increase of approximately 408% compared to the average volume of 11,715 call options.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on WMT. Royal Bank Of Canada set a $76.00 target price on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research note on Friday, August 4th. Stephens raised shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and set a $91.00 target price on the stock in a research note on Friday. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday. BidaskClub raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Citigroup Inc. set a $78.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $79.40.
In other Wal-Mart Stores news, insider David Chojnowski sold 5,142 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.36, for a total transaction of $408,069.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value of $1,972,127.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is 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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