YHB Investment Advisors Inc. increased its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,578 shares of the retailer’s stock after buying an additional 865 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Wal-Mart Stores were worth $1,538,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% during the second 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. Almanack Investment Partners LLC. acquired a new position in shares of Wal-Mart Stores during the second quarter valued at approximately $149,000. Cable Hill Partners LLC raised its holdings in shares of Wal-Mart Stores by 8,165.4% during the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Wal-Mart Stores during the third quarter valued at approximately $183,000. 30.45% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Goldman Sachs Group reissued a “buy” rating and set a $113.00 target price on shares of Wal-Mart Stores in a report on Friday. Jefferies Group reissued a “buy” rating and set a $119.00 target price on shares of Wal-Mart Stores in a report on Friday. UBS Group set a $105.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a report on Friday. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Cowen set a $120.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Thursday, February 8th. Seventeen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $100.72.
In related news, Director S Robson Walton sold 826,617 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the transaction, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey J. Gearhart sold 10,090 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $97.63, for a total value of $985,086.70. The disclosure for this sale can be found here. Insiders sold 9,464,232 shares of company stock valued at $918,288,525 over the last quarter. 51.39% of the stock is currently owned by company insiders.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $104.78 on Friday. Wal-Mart Stores Inc has a fifty-two week low of $68.69 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The company has a market capitalization of $310,400.00, a P/E ratio of 27.87, a P/E/G ratio of 3.74 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. research analysts forecast that Wal-Mart Stores Inc will post 4.44 EPS for the current 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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