Bank of Nova Scotia Trust Co. purchased a new position in shares of Wal-Mart Stores Inc (NYSE:WMT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,140 shares of the retailer’s stock, valued at approximately $245,000.
Other large investors have also recently modified their holdings of the company. Hudock Capital Group LLC increased its stake in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the last quarter. LLBH Private Wealth Management LLC raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after buying an additional 24 shares during the period. Edgemoor Investment Advisors Inc. raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after buying an additional 24 shares during the period. Telemus Capital LLC raised its stake in shares of Wal-Mart Stores by 1.1% in the second quarter. Telemus Capital LLC now owns 3,633 shares of the retailer’s stock valued at $275,000 after buying an additional 38 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 14,099 shares of the retailer’s stock valued at $1,067,000 after buying an additional 45 shares during the period. Institutional investors own 30.45% of the company’s stock.
Several analysts have issued reports on the company. Barclays boosted their target price on Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 target price for the company in a report on Thursday, February 1st. ValuEngine upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Seventeen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $100.30.
In other news, EVP John R. Furner sold 1,200 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 826,617 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the sale, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Insiders own 51.39% of the company’s stock.
Wal-Mart Stores Inc (NYSE WMT) traded up $0.19 during midday trading on Tuesday, reaching $99.74. The company had a trading volume of 1,370,400 shares, compared to its average volume of 8,770,518. The stock has a market capitalization of $296,180.00, a P/E ratio of 26.53, a PEG ratio of 3.55 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores Inc has a 12 month low of $67.71 and a 12 month high of $109.98.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. sell-side analysts anticipate that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.
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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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