Banque Pictet & Cie SA held its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,274 shares of the retailer’s stock at the end of the 2nd quarter. Banque Pictet & Cie SA’s holdings in Wal-Mart Stores were worth $248,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new stake in shares of Wal-Mart Stores in the 1st quarter worth about $111,777,000. Neuberger Berman Group LLC grew its holdings in shares of Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after purchasing an additional 1,324,722 shares during the last quarter. Swiss National Bank grew its holdings in shares of Wal-Mart Stores by 24.3% in the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after purchasing an additional 1,188,400 shares during the last quarter. State Street Corp grew its holdings in shares of Wal-Mart Stores by 1.2% in the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after purchasing an additional 854,010 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in shares of Wal-Mart Stores by 51.8% in the 2nd quarter. State of Tennessee Treasury Department now owns 2,200,336 shares of the retailer’s stock worth $166,521,000 after purchasing an additional 750,615 shares during the last quarter. 30.12% of the stock is currently owned by hedge funds and other institutional investors.
Wal-Mart Stores, Inc. (WMT) opened at $91.09 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $91.98. The company has a market capitalization of $272,100.00, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts expect that Wal-Mart Stores, Inc. will post 4.37 EPS for the current fiscal year.
Wal-Mart Stores declared that its board has approved a share buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
In other news, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the sale, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $536,309,652.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,924,828 shares of company stock worth $785,676,492. Company insiders own 51.39% of the company’s stock.
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Several equities research analysts have recently weighed in on WMT shares. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday, August 11th. Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. BMO Capital Markets reiterated a “market weight” rating on shares of Wal-Mart Stores in a research report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.54.
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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