Usca Ria LLC boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,445 shares of the retailer’s stock after buying an additional 1,888 shares during the period. Wal-Mart Stores accounts for approximately 1.2% of Usca Ria LLC’s investment portfolio, making the stock its 11th largest position. Usca Ria LLC’s holdings in Wal-Mart Stores were worth $7,244,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BKS Advisors LLC bought a new stake in Wal-Mart Stores during the third quarter worth about $110,000. Piershale Financial Group Inc. boosted its position in Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its position in Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock worth $118,000 after buying an additional 351 shares during the last quarter. TLP Group LLC acquired a new position in Wal-Mart Stores during the third quarter worth approximately $128,000. Finally, Vantage Investment Advisors LLC boosted its position in Wal-Mart Stores by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,118 shares of the retailer’s stock worth $153,000 after buying an additional 8 shares during the last quarter. 29.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 68.02 on Friday. The company has a 50 day moving average of $67.82 and a 200-day moving average of $70.38. The firm has a market cap of $209.04 billion, a price-to-earnings ratio of 14.75 and a beta of 0.09. Wal-Mart Stores, Inc. has a 12-month low of $62.35 and a 12-month high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm had revenue of $118.20 billion for the quarter, compared to analysts’ expectations of $118.69 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Wal-Mart Stores, Inc. will post $4.33 EPS for the current year.
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A number of equities analysts recently commented on WMT shares. Zacks Investment Research upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating in a report on Monday, October 24th. Barclays PLC reiterated an “overweight” rating and set a $82.00 price target on shares of Wal-Mart Stores in a report on Sunday, November 13th. Stifel Nicolaus initiated coverage on Wal-Mart Stores in a report on Thursday, January 19th. They set a “hold” rating and a $70.00 price objective for the company. Wells Fargo & Company restated a “market perform” rating on shares of Wal-Mart Stores in a report on Thursday, January 26th. Finally, Piper Jaffray Companies initiated coverage on Wal-Mart Stores in a report on Friday, October 21st. They set a “neutral” rating and a $73.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.46.
In other news, CEO C Douglas Mcmillon sold 75,063 shares of Wal-Mart Stores stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.08, for a total transaction of $5,185,352.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rosalind G. Brewer sold 32,350 shares of Wal-Mart Stores stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the sale, the insider now directly owns 245,328 shares in the company, valued at approximately $16,760,808.96. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.
Wal-Mart Stores Company 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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