Optimum Investment Advisors Raises Position in Wal-Mart Stores Inc (WMT)
Optimum Investment Advisors raised its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 11.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,746 shares of the retailer’s stock after purchasing an additional 2,032 shares during the quarter. Optimum Investment Advisors’ holdings in Wal-Mart Stores were worth $1,543,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Wal-Mart Stores by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,046,818 shares of the retailer’s stock valued at $81,798,000 after acquiring an additional 3,633 shares in the last quarter. Truepoint Inc. lifted its position in shares of Wal-Mart Stores by 6,861.5% in the 3rd quarter. Truepoint Inc. now owns 280,757 shares of the retailer’s stock valued at $281,000 after acquiring an additional 276,724 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in shares of Wal-Mart Stores by 28.1% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 7,728 shares of the retailer’s stock valued at $604,000 after acquiring an additional 1,696 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Wal-Mart Stores by 9.1% in the 3rd quarter. Archford Capital Strategies LLC now owns 52,594 shares of the retailer’s stock valued at $4,110,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Wal-Mart Stores in the 3rd quarter valued at approximately $658,000. Hedge funds and other institutional investors own 30.62% of the company’s stock.
In other news, EVP John R. Furner sold 1,200 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the transaction, the insider now owns 121,457 shares in the company, valued at approximately $11,764,325.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is currently owned by company insiders.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $99.37 on Monday. Wal-Mart Stores Inc has a 12-month low of $67.56 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The stock has a market cap of $294,370.00, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current year.
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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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