Aperio Group LLC raised its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 12.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,744,195 shares of the retailer’s stock after buying an additional 193,454 shares during the period. Wal-Mart Stores comprises about 0.8% of Aperio Group LLC’s investment portfolio, making the stock its 11th largest position. Aperio Group LLC owned about 0.06% of Wal-Mart Stores worth $132,001,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in WMT. Dodge & Cox acquired a new stake in shares of Wal-Mart Stores during the fourth quarter valued at approximately $1,503,922,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Wal-Mart Stores during the fourth quarter valued at approximately $274,739,000. Canada Pension Plan Investment Board boosted its position in Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares in the last quarter. Karp Capital Management Corp purchased a new position in Wal-Mart Stores during the first quarter valued at about $111,777,000. Finally, Swiss National Bank boosted its position in Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after buying an additional 1,188,400 shares in the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.32% during mid-day trading on Friday, hitting $80.40. 7,905,495 shares of the stock traded hands. The stock has a 50 day moving average price of $77.44 and a 200-day moving average price of $74.15. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The company has a market cap of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the 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 return on equity of 16.96% and a net margin of 2.79%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on WMT shares. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, July 13th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 target price for the company in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “sell” rating and issued a $67.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, May 2nd. BMO Capital Markets upgraded shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $63.00 to $80.00 in a research note on Friday, May 19th. Finally, KeyCorp reiterated an “overweight” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Wednesday, April 19th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.40.
In other news, insider David Chojnowski sold 5,142 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.36, for a total transaction of $408,069.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 in the last quarter. Company 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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