Novare Capital Management LLC held its stake in Wal-Mart Stores, Inc. (NYSE:WMT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,675 shares of the retailer’s stock at the end of the first quarter. Novare Capital Management LLC’s holdings in Wal-Mart Stores were worth $337,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in WMT. Asset Planning Services Ltd. boosted its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in shares of Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares during the last quarter. Alexandria Capital LLC boosted its position in shares of Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the last quarter. Cohen Lawrence B boosted its position in shares of Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares during the last quarter. Finally, Courier Capital LLC boosted its position in shares of Wal-Mart Stores by 0.8% in the first quarter. Courier Capital LLC now owns 5,314 shares of the retailer’s stock worth $383,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 30.09% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.32% on Friday, hitting $80.40. 7,905,495 shares of the stock were exchanged. The firm has a market cap of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. The company has a 50-day moving average of $77.44 and a 200 day moving average of $74.15. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on WMT shares. KeyCorp reiterated an “overweight” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Tuesday, April 25th. MKM Partners restated a “neutral” rating and issued a $77.00 price objective (up from $72.00) on shares of Wal-Mart Stores in a report on Wednesday, April 26th. Pacific Crest downgraded Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Finally, Royal Bank Of Canada reiterated a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average price target of $79.40.
In other news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604 in the last ninety days. Insiders own 51.39% of the company’s stock.
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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