Published: Sat, May 20, 2017
Money | By Armando Alvarado

Wal-Mart Stores Inc (WMT) Stake Increased by Bollard Group LLC

Wal-Mart Stores Inc (WMT) Stake Increased by Bollard Group LLC

Quadrant Capital Group LLC now owns 4,080 shares of the retailer's stock worth $279,000 after buying an additional 1,137 shares during the last quarter. The stock has a consensus rating of "Hold" and an average target price of $77.54. Bollard Group LLC's holdings in Wal-Mart Stores were worth $1,524,000 as of its most recent SEC filing. Vantage Investment Advisors LLC boosted its stake in shares of Wal-Mart Stores by 0.4% in the third quarter. Granite Investment Advisors LLC now owns 198,263 shares of the retailer's stock worth $14,291,000 after buying an additional 37,609 shares during the period. Ausdal Financial Partners Inc. now owns 6,531 shares of the retailer's stock worth $471,000 after buying an additional 119 shares during the last quarter. Cohen Lawrence B increased its position in Wal-Mart Stores by 0.4% in the first quarter. The Opaleye Management Inc holds 495,000 shares with $5.50M value, down from 630,000 last quarter.

Wal-Mart ( WMT ) reported mixed fiscal first quarter results on Thursday, as its bottom line beat analyst expectations but revenue missed. Company insiders own 51.55% of the company's stock. Wallace Capital Management Incorporated reported 0.75% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). Bollard Group LLC now owns 18,592 shares of the retailer's stock valued at $1,341,000 after buying an additional 49 shares during the last quarter.

In April, Wal-Mart also began offering discounts on thousands of online-only items when customers elect to have them shipped to a store for pickup - cheaper for the company than delivering to people's homes. $15.75's average target is -23.36% below currents $20.55 stock price. The company has a market cap of $239.07 billion, a PE ratio of 17.89 and a beta of 0.09. Stephens downgraded Wal-Mart Stores Inc (NYSE:WMT) on Thursday, October 15 to "Equal Weight" rating. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. That - combined with the more than $6.5 billion in cash on its balance sheet - allowed Wal-Mart to return $3.7 billion to shareholders via dividends and share repurchases. This decline was primarily due to an increase in incentive payments, as well as a comparison against significant working capital changes previous year. Jacobs And Ca holds 0.08% in Wal-Mart Stores Inc (NYSE:WMT) or 5,100 shares. The ex-dividend date is Wednesday, December 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.59%. Though the company has been buying up smaller internet retailers, Wal-Mart said a majority of the increase was through and was fueled by changes in its shipping strategy and a discount for shoppers who pick up their online orders.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of global copyright and trademark legislation. Looking at the stock's movement on the chart, Wal-Mart Stores, Inc. recorded a 52-week high of $76.78. Vetr upgraded Wal-Mart Stores from a "hold" rating to a "buy" rating and set a $79.40 price objective for the company in a report on Monday, May 15th. Wells Fargo & Co started coverage on Wal-Mart Stores in a research note on Wednesday, January 25th. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run.

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Equities researchers at Jefferies Group cut their Q2 2018 earnings per share (EPS) estimates for Wal-Mart Stores in a report released on Thursday. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the company's stock. Also, major shareholder Alice L. Walton sold 4,542,361 shares of the business's stock in a transaction that occurred on Thursday, March 2nd. Another trade for 127 shares valued at $2,497 was sold by REGLIN DAVID C. $719,970 worth of Independent Bank Corporation (MI) (NASDAQ:IBCP) was sold by VAN LOAN CHARLES C. Collins Mark L also sold $70,679 worth of Independent Bank Corporation (MI) (NASDAQ:IBCP) shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The shares were sold at an average price of $71.99, for a total value of $264,012,022.57. The disclosure for this sale can be found here.

The stock of Independent Bank Corporation (MI) (NASDAQ:IBCP) is a huge mover today!

Since that time, Wal-Mart has scooped up several other online retailers, including, outdoor gear retailer Moosejaw, and women's apparel seller ModCloth.

For the upcoming quarter, Wal-Mart expects comparable sales growth for Wal-Mart range between 1.5% to 2.0%, and Sam's Club (ex. fuel) comparable sales to range between 1.0% to 1.5%. 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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