Trade Report: The Deprince Race & Zollo Inc. Reduces stake in Wal-Mart Stores Inc. (WMT)

The Deprince Race & Zollo Inc. Reduces stake in Wal-Mart Stores Inc. (WMT)

Deprince Race & Zollo Inc. decreased its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,765 shares of the retailer’s stock after selling 122,767 shares during the period. Wal-Mart Stores makes up about 1.0% of Deprince Race & Zollo Inc.’s holdings, making the stock its 23rd largest position. Deprince Race & Zollo Inc.’s holdings in Wal-Mart Stores were worth $48,030,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp increased 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 worth $4,903,327,000 after buying an additional 1,726,468 shares during the period. BlackRock Fund Advisors increased its position in Wal-Mart Stores by 1.6% in the first quarter. BlackRock Fund Advisors now owns 19,012,040 shares of the retailer’s stock worth $1,302,135,000 after buying an additional 297,567 shares during the period. Geode Capital Management LLC increased its position in Wal-Mart Stores by 2.1% in the first quarter. Geode Capital Management LLC now owns 13,570,247 shares of the retailer’s stock worth $927,651,000 after buying an additional 284,071 shares during the period. Legal & General Group Plc increased its position in Wal-Mart Stores by 2.7% in the first quarter. Legal & General Group Plc now owns 7,814,266 shares of the retailer’s stock worth $535,247,000 after buying an additional 203,692 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Wal-Mart Stores by 5.2% in the first quarter. TIAA CREF Investment Management LLC now owns 6,087,679 shares of the retailer’s stock worth $416,945,000 after buying an additional 298,317 shares during the period. Institutional investors own 29.55% of the company’s stock.

Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.32% during mid-day trading on Friday, hitting $68.45. The company had a trading volume of 6,416,018 shares. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The stock has a market capitalization of $211.73 billion, a PE ratio of 14.74 and a beta of 0.20. The stock has a 50 day moving average price of $71.16 and a 200-day moving average price of $70.93.

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

WMT has been the topic of a number of research reports. Macquarie set a $61.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday, October 4th. Guggenheim initiated coverage on Wal-Mart Stores in a research note on Friday, September 30th. They set a “buy” rating and a $82.00 price target on the stock. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Morgan Stanley set a $73.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Buckingham Research set a $70.00 price target on Wal-Mart Stores and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $74.93.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,504,756 shares of the stock in a transaction dated Monday, August 29th. The shares were 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 of the company’s stock, valued at approximately $481,646,154.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently 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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