Nadler Financial Group Inc. boosted its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 0.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,282 shares of the retailer’s stock after buying an additional 3 shares during the period. Nadler Financial Group Inc.’s holdings in Wal-Mart Stores were worth $237,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Vigilant Capital Management LLC boosted its stake 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 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 purchased a new stake in Wal-Mart Stores during the second quarter valued at $100,000. Americafirst Capital Management LLC purchased a new stake in Wal-Mart Stores during the second quarter valued at $106,000. Seven Eight Capital LLC purchased a new stake in Wal-Mart Stores during the second quarter valued at $111,000. Finally, Piershale Financial Group Inc. boosted its stake 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 valued at $117,000 after buying an additional 10 shares during the last quarter. 29.88% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% during midday trading on Friday, hitting $71.23. The stock had a trading volume of 4,234,383 shares. The firm has a 50-day moving average of $69.50 and a 200 day moving average of $71.20. Wal-Mart Stores Inc. has a 52-week low of $58.32 and a 52-week high of $75.19. The firm has a market capitalization of $220.03 billion, a P/E ratio of 15.45 and a beta of 0.10.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The company earned $118.20 billion during the quarter, compared to the consensus estimate of $118.69 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. On average, equities analysts forecast that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.
A number of brokerages have recently commented on WMT. Jefferies Group set a $86.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Deutsche Bank AG reissued a “hold” rating and issued a $77.00 price target (up from $68.00) on shares of Wal-Mart Stores in a research report on Tuesday, August 2nd. Royal Bank Of Canada dropped their price target on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a research report on Friday, October 7th. Buckingham Research reissued a “neutral” rating on shares of Wal-Mart Stores in a research report on Thursday, August 18th. Finally, BMO Capital Markets dropped their price target on Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 11th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $74.96.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,504,756 shares of the firm’s stock in a transaction that occurred on 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 $481,646,154.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 75,063 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $69.08, for a total transaction of $5,185,352.04. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by company 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.