Oregon Public Employees Retirement Fund boosted its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 30.4% during the third quarter, Holdings Channel reports. The institutional investor owned 643,790 shares of the retailer’s stock after buying an additional 150,034 shares during the period. Wal-Mart Stores accounts for about 1.0% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 17th largest position. Oregon Public Employees Retirement Fund’s holdings in Wal-Mart Stores were worth $46,430,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. 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 valued at $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Wal-Mart Stores during the second quarter valued at $100,000. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter valued at $106,000. Seven Eight Capital LLC purchased a new position in Wal-Mart Stores during the second quarter valued at $111,000. Finally, 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 valued at $117,000 after buying an additional 10 shares in the last quarter. Institutional investors own 28.67% of the company’s stock.
Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.29% on Tuesday, hitting $71.40. 380,763 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $69.58 and a 200-day moving average price of $71.28. The stock has a market cap of $220.55 billion, a P/E ratio of 15.49 and a beta of 0.10. 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 posted its quarterly 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 firm had revenue of $118.20 billion for 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%. The business’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Analysts predict that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Jefferies Group set a $86.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $77.00 target price (up previously from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Royal Bank Of Canada reduced their target price on shares of Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a report on Friday, October 7th. Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, BMO Capital Markets reduced their target price on shares of Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating for the company in a report on Tuesday, October 11th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.96.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of Wal-Mart Stores stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 75,063 shares of Wal-Mart Stores stock in a transaction on Monday, November 21st. The stock was 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 corporate 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.