The Clean Yield Group decides to keep it stake in Wal-Mart Stores Inc. (WMT) to the level of $235,000

The Clean Yield Group decides to keep it stake in Wal-Mart Stores Inc. (WMT) to the level of $235,000

Clean Yield Group held its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) during the second quarter, Holdings Channel reports. The institutional investor owned 3,220 shares of the retailer’s stock at the end of the second quarter. Clean Yield Group’s holdings in Wal-Mart Stores were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vigilant Capital Management LLC increased its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Wal-Mart Stores during the second quarter valued at about $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at about $106,000. Piershale Financial Group Inc. increased its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the period. Finally, Trust Department MB Financial Bank N A increased its stake in shares of Wal-Mart Stores by 46.5% in the second quarter. Trust Department MB Financial Bank N A now owns 2,014 shares of the retailer’s stock valued at $143,000 after buying an additional 639 shares during the period. 29.55% of the stock is currently owned by institutional investors.

Wal-Mart Stores Inc. (NYSE:WMT) traded up 1.14% on Thursday, hitting $68.23. The stock had a trading volume of 9,185,971 shares. The firm has a market capitalization of $211.05 billion, a price-to-earnings ratio of 14.69 and a beta of 0.20. The stock’s 50-day moving average is $71.35 and its 200 day moving average is $70.94. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.

A number of research analysts have issued reports on WMT shares. KeyCorp started coverage on Wal-Mart Stores in a research note on Thursday, September 29th. They issued an “overweight” rating and a $90.00 price objective for the company. Credit Suisse Group AG started coverage on Wal-Mart Stores in a research note on Friday, September 16th. They issued an “outperform” rating and a $80.00 price objective for the company. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Guggenheim started coverage on Wal-Mart Stores in a research note on Friday, September 30th. They issued a “buy” rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $72.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $74.93.

In other news, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. Company 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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

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