YHB Investment Advisors Inc. Has $1.54 Million Position in Wal-Mart Stores Inc (WMT)

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.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/18/yhb-investment-advisors-inc-has-1-54-million-position-in-wal-mart-stores-inc-wmt.html.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores Inc (NYSE:WMT).

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply