Canandaigua National Bank & Trust Co. raised its position in Wal-Mart Stores Inc. (NYSE:WMT) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,942 shares of the retailer’s stock after buying an additional 235 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Wal-Mart Stores were worth $872,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Vigilant Capital Management LLC raised its position in 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. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter worth $106,000. Piershale Financial Group Inc. raised its position in 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. Trust Department MB Financial Bank N A raised its position in 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. Finally, Kanaly Trust Co raised its position in Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock worth $165,000 after buying an additional 489 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 3.22% during trading on Thursday, reaching $69.36. 20,110,251 shares of the company were exchanged. Wal-Mart Stores Inc. has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a 50-day moving average of $71.93 and a 200 day moving average of $70.94. The stock has a market capitalization of $214.55 billion, a P/E ratio of 14.93 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. On average, equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 target price for the company in a report on Monday, June 13th. Nomura restated a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Credit Suisse Group AG restated a “hold” rating on shares of Wal-Mart Stores in a report on Wednesday, June 22nd. Bank of America Corp. restated a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a report on Saturday, June 25th. Finally, Jefferies Group restated a “buy” rating on shares of Wal-Mart Stores in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $75.56.
In other news, major shareholder Jim C. Walton sold 3,502,398 shares of Wal-Mart Stores stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the transaction, the insider now owns 10,507,127 shares in the company, valued at approximately $767,230,413.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $71.37, for a total value of $250,134,435.72. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. 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.