Today, Roof Eidam & Maycock ADV invests in Wal-Mart Stores Inc. (WMT) Shares

Today, Roof Eidam & Maycock ADV invests in Wal-Mart Stores Inc. (WMT) Shares

Roof Eidam & Maycock ADV raised its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 127.9% during the third quarter, Holdings Channel reports. The firm owned 18,230 shares of the retailer’s stock after buying an additional 10,230 shares during the period. Roof Eidam & Maycock ADV’s holdings in Wal-Mart Stores were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Virginia Retirement Systems ET AL increased its position in shares of Wal-Mart Stores by 41.3% in the third quarter. Virginia Retirement Systems ET AL now owns 878,000 shares of the retailer’s stock worth $63,321,000 after buying an additional 256,600 shares during the period. Jensen Investment Management Inc. increased its position in shares of Wal-Mart Stores by 1.4% in the third quarter. Jensen Investment Management Inc. now owns 6,370 shares of the retailer’s stock worth $459,000 after buying an additional 90 shares during the period. BRC Investment Management LLC acquired a new position in shares of Wal-Mart Stores during the third quarter worth about $6,730,000. Vicus Capital acquired a new position in shares of Wal-Mart Stores during the third quarter worth about $284,000. Finally, Welch Group LLC increased its position in shares of Wal-Mart Stores by 803.0% in the third quarter. Welch Group LLC now owns 14,457 shares of the retailer’s stock worth $1,043,000 after buying an additional 12,856 shares during the period. 29.88% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% on Friday, reaching $71.23. The company’s stock had a trading volume of 4,234,383 shares. The firm has a market capitalization of $220.03 billion, a P/E ratio of 15.45 and a beta of 0.10. The firm has a 50-day moving average price of $69.50 and a 200 day moving average price of $71.20. Wal-Mart Stores Inc. has a 52-week low of $58.32 and a 52-week high of $75.19.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 17th. The retailer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The company earned $118.20 billion during the quarter, compared to analyst estimates of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Equities analysts anticipate that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on WMT. 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 reaffirmed an “underperform” rating and issued a $72.80 price target on shares of Wal-Mart Stores in a report on Saturday, November 19th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $74.96.

In other news, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $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 Wal-Mart Stores stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.08, for a total value of $5,185,352.04. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.

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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