Shelton Capital Management grew its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 23.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,401 shares of the retailer’s stock after buying an additional 15,578 shares during the quarter. Shelton Capital Management’s holdings in Wal-Mart Stores were worth $5,867,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its holdings in Wal-Mart Stores by 161.4% during the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after buying an additional 2,035,800 shares during the period. Karp Capital Management Corp purchased a new stake in Wal-Mart Stores during the first quarter worth $111,777,000. Swiss National Bank lifted its holdings in shares of Wal-Mart Stores by 24.3% during the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after purchasing an additional 1,188,400 shares during the last quarter. State Street Corp lifted its holdings in shares of Wal-Mart Stores by 1.2% during the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after purchasing an additional 854,010 shares during the last quarter. Finally, QV Investors Inc. lifted its holdings in shares of Wal-Mart Stores by 114.3% during the 1st quarter. QV Investors Inc. now owns 920,393 shares of the retailer’s stock valued at $66,341,000 after purchasing an additional 491,004 shares during the last quarter. 30.21% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Morningstar, Inc. restated a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Vetr cut Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 target price on the stock. in a research report on Monday, July 17th. Finally, Citigroup Inc. raised their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.25.
In related news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey J. Gearhart sold 9,216 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total value of $727,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last ninety days. Company insiders own 51.39% of the company’s stock.
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Wal-Mart Stores, Inc. (WMT) traded up 0.88% during trading on Friday, reaching $80.38. 13,317,757 shares of the company’s stock were exchanged. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The company’s 50 day moving average price is $79.86 and its 200-day moving average price is $76.06. The stock has a market capitalization of $241.78 billion, a price-to-earnings ratio of 19.31 and a beta of 0.30.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.
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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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