Scotia Capital Inc. cut its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 197,178 shares of the retailer’s stock after selling 26,682 shares during the period. Scotia Capital Inc.’s holdings in Wal-Mart Stores were worth $13,641,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Wal-Mart Stores during the third quarter worth about $104,000. BKS Advisors LLC purchased a new stake in shares of Wal-Mart Stores during the third quarter worth about $110,000. Piershale Financial Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares in the last quarter. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock worth $118,000 after buying an additional 351 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in shares of Wal-Mart Stores during the third quarter worth about $128,000. Institutional investors and hedge funds own 29.69% of the company’s stock.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at 69.61 on Friday. The company has a market cap of $213.35 billion, a P/E ratio of 15.89 and a beta of 0.09. The firm has a 50-day moving average price of $69.70 and a 200 day moving average price of $69.81. Wal-Mart Stores Inc has a 12 month low of $62.72 and a 12 month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Tuesday, February 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.01. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The firm earned $129.75 billion during the quarter, compared to analysts’ expectations of $130.22 billion. During the same quarter last year, the business posted $1.49 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores Inc will post $4.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s dividend payout ratio is currently 43.48%.
A number of research analysts have weighed in on the company. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $74.70 target price for the company in a report on Monday, December 26th. MKM Partners set a $72.00 target price on Wal-Mart Stores and gave the company a “hold” rating in a report on Saturday, February 18th. Stifel Nicolaus lifted their target price on Wal-Mart Stores from $70.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, February 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 target price on shares of Wal-Mart Stores in a report on Thursday, February 16th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $83.00 target price on shares of Wal-Mart Stores in a report on Wednesday, February 22nd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the company. Wal-Mart Stores presently has an average rating of “Hold” and an average target price of $74.85.
In related news, major shareholder Alice L. Walton sold 4,542,361 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $70.54, for a total transaction of $320,418,144.94. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $476,044,833.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 3,000,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $70.50, for a total value of $211,500,000.00. Following the sale, the insider now owns 10,507,127 shares of the company’s stock, valued at approximately $740,752,453.50. The disclosure for this sale can be found here. Insiders have sold 15,617,391 shares of company stock valued at $1,112,245,763 in the last quarter. 51.55% of the stock is currently owned by company 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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