Wal-Mart Stores, Inc. (WMT) Shares Bought by Kistler Tiffany Companies LLC
Kistler Tiffany Companies LLC raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 124.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,910 shares of the retailer’s stock after acquiring an additional 1,058 shares during the period. Kistler Tiffany Companies LLC’s holdings in Wal-Mart Stores were worth $145,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC boosted its holdings in shares of Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after acquiring an additional 1,039 shares during the period. Security National Bank of SO Dak boosted its holdings in shares of Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after acquiring an additional 386 shares during the period. First Personal Financial Services boosted its holdings in shares of Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after acquiring an additional 3,434 shares during the period. Berkshire Asset Management LLC PA boosted its holdings in shares of Wal-Mart Stores by 1.5% during the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock worth $10,500,000 after acquiring an additional 1,994 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Wal-Mart Stores by 4.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after acquiring an additional 31,436 shares during the period. Institutional investors own 30.19% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) opened at 79.09 on Thursday. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The firm has a market capitalization of $236.26 billion, a P/E ratio of 19.00 and a beta of 0.29. The company has a 50-day moving average price of $79.36 and a 200-day moving average price of $76.96. Wal-Mart Stores also saw unusually large options trading activity on Monday. Stock investors bought 5,107 put options on the company. This represents an increase of approximately 351% compared to the typical daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Equities analysts predict that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday, August 14th. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.44.
In related news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total value of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 621,500 shares of Wal-Mart Stores stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $528,278,842.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is owned by corporate 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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