Cullen Frost Bankers Inc. boosted its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. The XETRA listed company saw a recent bid of 66.414 and 354 shares have traded hands in the session. Finally, Courier Capital LLC grew its stake in shares of Wal-Mart Stores by 0.8% during the 1st quarter. SNS Financial Group LLC now owns 4,355 shares of the retailer's stock valued at $318,000 after buying an additional 125 shares in the last quarter.
Wal-Mart Stores Inc (WMT) now has a 14-day Commodity Channel Index (CCI) of 134.36. LLC now owns 3,661 shares of the retailer's stock worth $264,000 after acquiring an additional 15 shares during the period. Cribstone Capital Management LLC grew its stake in shares of Wal-Mart Stores by 22.0% in the 1st quarter. Capstone Asset Management Co. now owns 278,520 shares of the retailer's stock valued at $20,076,000 after buying an additional 1,688 shares during the period.
Insider Trading Activity for Wal-Mart Stores, Inc. The firm owned 13,637 shares of the retailer's stock after selling 170 shares during the period. Alexandria Capital LLC grew its stake in shares of Wal-Mart Stores by 0.9% during the 1st quarter.
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Needle moving action has been spotted in WAL-MART STRS DL-10 (WMT.DE) as shares are moving today on volatility 0.64% or 0.423 from the open.
Several research firms have recently weighed in on WMT. Telsey Advisory Group reiterated an "outperform" rating and issued a $84.00 price objective (up from $82.00) on shares of Wal-Mart Stores in a research report on Friday, May 19th. Finally, Morgan Stanley set a $77.00 price objective on Wal-Mart Stores and gave the stock a "neutral" rating in a report on Monday, May 29th. Five research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the stock. Wal-Mart Stores has a consensus rating of "Hold" and an average price target of $80.25. "The structure we are putting in place will help improve communication and execution, streamline decision-making and help us accelerate our pace of change", Wal-Mart reportedly said in a statement. At one point in the past year, the shares traded as low as $25.17 but has recovered 3.1% since then. Wal-Mart Stores, Inc. has a 12-month low of $62.35 and a 12-month high of $75.19. The company has a market cap of $241.81 billion, a PE ratio of 19.32 and a beta of 0.30. The volume of SQ witnessed a shift from 6.12 million shares, based on a 50-day average, to 7.12 million shares.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. For the full year, analysts expect earnings to jump 1.16% yoy to $4.37. The company's quarterly revenue was up 2.1% compared to the same quarter a year ago. Equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
In other news, insider Rosalind G. Brewer sold 32,350 shares of the business's stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $78.96, for a total value of $727,695.36. Insider ownership decreased by a total of 34.43 million shares, which suggests that WMT's key executives are feeling less optimistic about the outlook for the stock. Also, insider Jeffrey J. Gearhart sold 9,216 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. Wal-Mart had never disclosed to investors how it was accounting for the revenue or where to find it on the income statement, the report said. Over the last quarter, insiders sold 7,948,971 shares of company stock worth $628,583,326.
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world.
Separately. the company's e-commerce site and disclosures related to overseas divestitures have triggered interest from the U.S. Securities and Exchange Commission, according to a MarketWatch report citing correspondence released by the regulator. 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.