Wal-Mart Stores Inc (WMT) Position Raised by Cape Cod Five Cents Savings Bank

Cape Cod Five Cents Savings Bank raised its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 4.0% during the first quarter, Holdings Channel reports. The firm owned 3,520 shares of the retailer’s stock after buying an additional 134 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Wal-Mart Stores were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Dodge & Cox acquired a new stake in Wal-Mart Stores during the fourth quarter worth approximately $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Wal-Mart Stores during the fourth quarter worth approximately $274,739,000. The Manufacturers Life Insurance Company acquired a new stake in Wal-Mart Stores during the third quarter worth approximately $262,122,000. Two Sigma Advisers LP acquired a new stake in Wal-Mart Stores during the third quarter worth approximately $237,230,000. Finally, Russell Investments Group Ltd. acquired a new stake in Wal-Mart Stores during the fourth quarter worth approximately $210,414,000. Institutional investors and hedge funds own 29.69% of the company’s stock.

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

Shares of Wal-Mart Stores Inc (NYSE:WMT) traded up 0.20% during midday trading on Thursday, reaching $78.31. The company’s stock had a trading volume of 6,134,952 shares. The firm’s 50 day moving average is $75.47 and its 200 day moving average is $71.14. Wal-Mart Stores Inc has a 52 week low of $65.28 and a 52 week high of $79.44. The firm has a market capitalization of $237.67 billion, a price-to-earnings ratio of 17.78 and a beta of 0.09.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities analysts forecast that Wal-Mart Stores Inc will post $4.35 EPS for the current fiscal year.

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WMT has been the subject of a number of recent analyst reports. Bank of America Corp restated a “buy” rating and issued a $88.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, March 14th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 price objective for the company in a research report on Monday, March 27th. KeyCorp restated an “overweight” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research report on Wednesday, April 19th. Royal Bank of Canada reiterated a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Co reiterated a “market perform” rating on shares of Wal-Mart Stores in a research report on Thursday, January 26th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $78.15.

In other Wal-Mart Stores news, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $530,775,817. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,368,816 shares of company stock worth $1,201,695,455. 51.55% of the stock is currently owned by insiders.

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.

12 Month Chart for NYSE:WMT

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).

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