Envestnet Asset Management Inc. raised its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 25.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 447,073 shares of the retailer’s stock after buying an additional 90,906 shares during the period. Envestnet Asset Management Inc.’s holdings in Wal-Mart Stores were worth $30,902,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in shares of Wal-Mart Stores by 2.8% in the fourth quarter. State Street Corp now owns 72,714,226 shares of the retailer’s stock worth $5,026,451,000 after buying an additional 2,011,829 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Wal-Mart Stores by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 41,912,723 shares of the retailer’s stock worth $3,022,746,000 after buying an additional 1,910,016 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Wal-Mart Stores by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 20,297,797 shares of the retailer’s stock worth $1,463,878,000 after buying an additional 348,391 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Wal-Mart Stores by 3.2% in the third quarter. BlackRock Fund Advisors now owns 19,932,903 shares of the retailer’s stock worth $1,437,561,000 after buying an additional 623,646 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Wal-Mart Stores by 1.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,071,579 shares of the retailer’s stock worth $1,086,962,000 after buying an additional 179,166 shares in the last quarter. Institutional investors own 29.69% of the company’s stock.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at 69.61 on Friday. The firm’s 50-day moving average is $69.70 and its 200-day moving average is $69.81. Wal-Mart Stores Inc has a 52 week low of $62.72 and a 52 week high of $75.19. The stock has a market capitalization of $213.35 billion, a price-to-earnings ratio of 15.89 and a beta of 0.09.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.01. The company had revenue of $129.75 billion for the quarter, compared to analyst estimates of $130.22 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. Wal-Mart Stores’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. Analysts forecast that Wal-Mart Stores Inc will post $4.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s payout ratio is 43.48%.
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WMT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Wednesday, January 18th. Wells Fargo & Co began coverage on Wal-Mart Stores in a research report on Wednesday, January 25th. They set a “market perform” rating and a $71.00 price objective on the stock. JPMorgan Chase & Co. set a $68.00 price objective on Wal-Mart Stores and gave the company a “sell” rating in a research report on Thursday, February 23rd. Finally, Vetr cut Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 price objective on the stock. in a research report on Tuesday, December 13th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.85.
In related news, major shareholder Jim C. Walton sold 4,375,337 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $71.79, for a total transaction of $314,105,443.23. Following the transaction, the insider now directly owns 10,507,127 shares of the company’s stock, valued at $754,306,647.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rosalind G. Brewer sold 32,350 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the transaction, the insider now directly owns 245,328 shares in the company, valued at $16,760,808.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,617,391 shares of company stock worth $1,112,245,763. 51.55% 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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