Mandatum Life Insurance Co Ltd boosted its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 57.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,359 shares of the retailer’s stock after acquiring an additional 3,768 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Wal-Mart Stores were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Winfield Associates Inc. increased its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the period. Thompson Davis & CO. Inc. increased its holdings in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the period. Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC increased its holdings in Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the period. Institutional investors own 30.45% of the company’s stock.
Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price objective on the stock in a research note on Thursday, February 1st. ValuEngine raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Eighteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $100.30.
In related news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the business’s 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 completion of the sale, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is owned by insiders.
Wal-Mart Stores Inc (NYSE:WMT) traded up $0.72 during midday trading on Wednesday, hitting $101.70. The stock had a trading volume of 7,306,780 shares, compared to its average volume of 8,980,000. Wal-Mart Stores Inc has a fifty-two week low of $67.71 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The stock has a market cap of $301,270.00, a price-to-earnings ratio of 27.05, a PEG ratio of 3.56 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. equities research analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.
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Wal-Mart Stores 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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