Wal-Mart Stores, Inc. (NYSE:WMT) was the recipient of unusually large options trading activity on Monday. Investors bought 5,107 put options on the stock. This represents an increase of 351% compared to the average volume of 1,132 put options.

Shares of Wal-Mart Stores (WMT) opened at 81.61 on Thursday. The stock has a market capitalization of $246.01 billion, a price-to-earnings ratio of 18.53 and a beta of 0.29. The stock has a 50 day moving average of $76.65 and a 200-day moving average of $73.67. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $81.99.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The firm 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 business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. On average, equities research analysts predict that Wal-Mart Stores will post $4.36 EPS for the current fiscal year.

Several brokerages have issued reports on WMT. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research report on Friday, May 5th. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reissued a “neutral” rating and set a $80.00 price objective (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.86.

In related news, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of Wal-Mart Stores stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Insiders have sold a total of 23,006,720 shares of company stock worth $1,816,131,604 over the last quarter. 51.39% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after buying an additional 854,010 shares during the period. Dodge & Cox purchased a new position in shares of Wal-Mart Stores during the fourth quarter worth approximately $1,503,922,000. American Century Companies Inc. raised its position in shares of Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after buying an additional 256,833 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after buying an additional 174,296 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Wal-Mart Stores by 5.3% in the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock worth $619,457,000 after buying an additional 429,599 shares in the last quarter. Institutional investors own 30.09% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Wal-Mart Stores Sees Unusually High Options Volume (WMT)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/wal-mart-stores-sees-unusually-high-options-volume-wmt/1467325.html.

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.

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.