Trading Report: The Livingston Group Asset Management CO operating as Southport Capital Management Invests $100,000 in Wal-Mart Stores Inc. (WMT)

The Livingston Group Asset Management CO operating as Southport Capital Management Invests $100,000 in Wal-Mart Stores Inc. (WMT)

Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Wal-Mart Stores Inc. (NYSE:WMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,370 shares of the retailer’s stock, valued at approximately $100,000.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock valued at $365,175,000 after buying an additional 4,652,393 shares during the last quarter. Bank of Montreal Can bought a new position in Wal-Mart Stores during the second quarter valued at about $309,966,000. State Street Corp raised its position in Wal-Mart Stores by 2.5% in the first quarter. State Street Corp now owns 71,591,885 shares of the retailer’s stock valued at $4,903,327,000 after buying an additional 1,726,468 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Wal-Mart Stores during the first quarter valued at about $85,821,000. Finally, Canada Pension Plan Investment Board raised its position in Wal-Mart Stores by 156.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,743,334 shares of the retailer’s stock valued at $119,401,000 after buying an additional 1,062,855 shares during the last quarter. 29.55% of the stock is currently owned by institutional investors.

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

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to analyst estimates of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Equities research analysts forecast that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on WMT shares. Macquarie set a $61.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. Guggenheim started coverage on Wal-Mart Stores in a research report on Friday, September 30th. They issued a “buy” rating and a $82.00 price objective on the stock. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Morgan Stanley set a $73.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 price objective on Wal-Mart Stores and gave the stock a “hold” rating in a research report on Wednesday, September 28th. 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 given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $74.93.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of Wal-Mart Stores stock in a transaction dated 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 owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate 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 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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