First Allied Advisory Services Inc. raised its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,496 shares of the retailer’s stock after buying an additional 10,344 shares during the period. First Allied Advisory Services Inc.’s holdings in Wal-Mart Stores were worth $5,702,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Ngam Advisors L.P. raised its position in Wal-Mart Stores by 1.2% in the third quarter. Ngam Advisors L.P. now owns 85,035 shares of the retailer’s stock worth $6,133,000 after buying an additional 1,022 shares in the last quarter. Payden & Rygel raised its position in Wal-Mart Stores by 12.1% in the third quarter. Payden & Rygel now owns 141,520 shares of the retailer’s stock worth $10,206,000 after buying an additional 15,300 shares in the last quarter. Sigma Planning Corp raised its position in Wal-Mart Stores by 7.4% in the third quarter. Sigma Planning Corp now owns 28,148 shares of the retailer’s stock worth $2,030,000 after buying an additional 1,950 shares in the last quarter. US Bancorp DE raised its position in Wal-Mart Stores by 1.2% in the third quarter. US Bancorp DE now owns 1,968,718 shares of the retailer’s stock worth $141,984,000 after buying an additional 23,129 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Wal-Mart Stores by 10.4% in the third quarter. Neuberger Berman Group LLC now owns 825,949 shares of the retailer’s stock worth $59,567,000 after buying an additional 78,044 shares in the last quarter. Hedge funds and other institutional investors own 29.69% of the company’s stock.
Wal-Mart Stores Inc (NYSE:WMT) opened at 69.89 on Monday. The stock’s 50 day moving average price is $69.19 and its 200-day moving average price is $69.87. Wal-Mart Stores Inc has a one year low of $62.72 and a one year high of $75.19. The stock has a market cap of $214.21 billion, a P/E ratio of 15.96 and a beta of 0.09.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.01. The firm had revenue of $129.75 billion for the quarter, compared to analyst estimates of $130.22 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.49 EPS. On average, analysts predict that Wal-Mart Stores Inc will post $4.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.51 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. Wal-Mart Stores’s payout ratio is 43.48%.
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A number of research analysts recently issued reports on WMT shares. Stifel Nicolaus started coverage on Wal-Mart Stores in a research report on Thursday, January 19th. They set a “hold” rating and a $70.00 price objective for the company. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Wal-Mart Stores in a research note on Thursday, January 26th. Zacks Investment Research raised Wal-Mart Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, December 6th. JPMorgan Chase & Co. set a $64.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Finally, Bank of America Corp raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $88.00 in a research note on Wednesday, February 22nd. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.85.
In other Wal-Mart Stores news, insider Rosalind G. Brewer sold 32,350 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $68.32, for a total value of $2,210,152.00. Following the transaction, the insider now directly owns 245,328 shares in the company, valued at approximately $16,760,808.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 3,667,343 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $71.99, for a total value of $264,012,022.57. Following the completion of the transaction, the insider now owns 10,507,127 shares in the company, valued at $756,408,072.73. The disclosure for this sale can be found here. Insiders sold a total of 15,617,391 shares of company stock worth $1,112,245,763 over the last quarter. Corporate insiders own 51.55% 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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