Today, Campbell Newman Asset Management Inc. Reached $772,000 position of Wal-Mart Stores Inc. (WMT)

Today, Campbell Newman Asset Management Inc. Reached $772,000 position  of Wal-Mart Stores Inc. (WMT)

Campbell Newman Asset Management Inc. continued to hold its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,705 shares of the retailer’s stock at the end of the third quarter. Campbell Newman Asset Management Inc.’s holdings in Wal-Mart Stores were worth $772,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Piershale Financial Group Inc. increased its position in shares of Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares in the last quarter. Gemmer Asset Management LLC increased its position in shares of Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock worth $212,000 after buying an additional 11 shares in the last quarter. WealthTrust Arizona LLC increased its position in shares of Wal-Mart Stores by 0.5% in the third quarter. WealthTrust Arizona LLC now owns 2,549 shares of the retailer’s stock worth $184,000 after buying an additional 13 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Wal-Mart Stores by 0.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,576 shares of the retailer’s stock worth $186,000 after buying an additional 16 shares in the last quarter. Finally, Bangor Savings Bank increased its position in shares of Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock worth $218,000 after buying an additional 20 shares in the last quarter. 29.88% of the stock is currently owned by institutional investors.

Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% during trading on Friday, hitting $71.23. The company had a trading volume of 4,234,383 shares. The stock has a market capitalization of $220.03 billion, a PE ratio of 15.45 and a beta of 0.10. Wal-Mart Stores Inc. has a one year low of $58.32 and a one year high of $75.19. The stock has a 50-day moving average of $69.50 and a 200-day moving average of $71.20.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $118.20 billion for the quarter, compared to the consensus estimate of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Wal-Mart Stores from a “hold” rating to a “sell” rating in a report on Tuesday, November 22nd. Nomura set a $81.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, November 21st. Robert W. Baird set a $80.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Saturday, November 19th. Credit Suisse Group AG set a $80.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Saturday, November 19th. Finally, BMO Capital Markets reiterated an “underperform” rating and set a $72.80 price target on shares of Wal-Mart Stores in a report on Saturday, November 19th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $74.96.

In other Wal-Mart Stores news, CEO C Douglas Mcmillon sold 75,063 shares of Wal-Mart Stores stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $69.08, for a total value of $5,185,352.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. Corporate 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.

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