The Huntington National Bank reached $13,724,000 position of Wal-Mart Stores Inc. (WMT)

The Huntington National Bank reached $13,724,000 position  of Wal-Mart Stores Inc. (WMT)

Huntington National Bank reduced its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 28.7% during the second quarter, Holdings Channel reports. The fund owned 187,957 shares of the retailer’s stock after selling 75,764 shares during the period. Huntington National Bank’s holdings in Wal-Mart Stores were worth $13,724,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vigilant Capital Management LLC boosted 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 last quarter. 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 $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at $106,000. Piershale Financial Group Inc. boosted 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 last quarter. Finally, Trust Department MB Financial Bank N A boosted 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 last quarter. 29.56% of the stock is owned by institutional investors.

Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.34% during midday trading on Monday, reaching $68.22. The company had a trading volume of 7,493,385 shares. Wal-Mart Stores Inc. has a 52 week low of $56.30 and a 52 week high of $75.19. The firm has a 50-day moving average price of $71.07 and a 200-day moving average price of $70.96. The company has a market capitalization of $211.02 billion, a price-to-earnings ratio of 14.69 and a beta of 0.20.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $120.90 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Analysts expect that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.

Several brokerages have recently weighed in on WMT. Royal Bank Of Canada increased their price target on Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Friday, August 19th. Jefferies Group set a $85.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, August 9th. Bank of America Corp. reissued a “neutral” rating and issued a $72.00 price target on shares of Wal-Mart Stores in a research note on Saturday, June 25th. Telsey Advisory Group raised their target price on Wal-Mart Stores from $71.00 to $78.00 and gave the stock a “market perform” rating in a research note on Friday, August 19th. Finally, Morgan Stanley set a $76.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, August 19th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.38.

In other news, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Whaley sold 1,100 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the transaction, the insider now directly owns 29,464 shares in the company, valued at $2,105,497.44. 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.

Related posts

Leave a Comment