Trading Report: The First National Trust Co. Boosts Stake in Wal-Mart Stores Inc. (WMT)

The First National Trust Co. Boosts Stake in Wal-Mart Stores Inc. (WMT)

First National Trust Co. increased its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 89,869 shares of the retailer’s stock after buying an additional 12 shares during the period. Wal-Mart Stores comprises 1.0% of First National Trust Co.’s holdings, making the stock its 27th largest position. First National Trust Co.’s holdings in Wal-Mart Stores were worth $6,562,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Vigilant Capital Management LLC increased its position 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 worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC bought a new position in shares of Wal-Mart Stores during the second quarter worth about $106,000. Piershale Financial Group Inc. increased its position 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 worth $117,000 after buying an additional 10 shares in the last quarter. Finally, Trust Department MB Financial Bank N A increased its position 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 worth $143,000 after buying an additional 639 shares in the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.32% during trading on Friday, hitting $68.45. 6,416,018 shares of the stock traded hands. Wal-Mart Stores Inc. has a 52 week low of $56.30 and a 52 week high of $75.19. The firm’s 50-day moving average price is $71.16 and its 200-day moving average price is $70.93. The company has a market cap of $211.73 billion, a price-to-earnings ratio of 14.74 and a beta of 0.20.

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

WMT has been the subject of a number of research analyst reports. Jefferies Group set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, August 9th. Nomura restated a “buy” rating and set a $81.00 target price on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 target price for the company in a report on Thursday, June 23rd. Finally, Guggenheim started coverage on shares of Wal-Mart Stores in a report on Friday, September 30th. They set a “buy” rating and a $82.00 target price for the company. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.93.

In other news, 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 stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 3,502,398 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the transaction, the insider now owns 10,507,127 shares of the company’s stock, valued at $767,230,413.54. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.

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 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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