Wal-Mart Stores Inc (NYSE:WMT) insider Jeffrey J. Gearhart sold 11,104 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $78.20, for a total transaction of $868,332.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Wal-Mart Stores Inc (NYSE:WMT) traded down 0.23% on Friday, hitting $78.13. 6,125,781 shares of the company were exchanged. The company has a market capitalization of $237.12 billion, a P/E ratio of 17.74 and a beta of 0.09. Wal-Mart Stores Inc has a 52 week low of $65.28 and a 52 week high of $79.44. The firm’s 50 day moving average is $75.47 and its 200 day moving average is $71.14.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, equities research analysts forecast that Wal-Mart Stores Inc will post $4.36 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Wal-Mart Stores (NYSE:WMT)

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A number of institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its position in Wal-Mart Stores by 4.9% in the third quarter. Teacher Retirement System of Texas now owns 1,310,019 shares of the retailer’s stock valued at $94,479,000 after buying an additional 60,979 shares in the last quarter. Flippin Bruce & Porter Inc. increased its position in Wal-Mart Stores by 4.1% in the third quarter. Flippin Bruce & Porter Inc. now owns 100,797 shares of the retailer’s stock valued at $7,269,000 after buying an additional 3,941 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Wal-Mart Stores by 14.8% in the third quarter. Van Hulzen Asset Management LLC now owns 46,454 shares of the retailer’s stock worth $3,350,000 after buying an additional 6,003 shares during the period. Saratoga Research & Investment Management increased its position in shares of Wal-Mart Stores by 1.3% in the third quarter. Saratoga Research & Investment Management now owns 895,393 shares of the retailer’s stock worth $64,576,000 after buying an additional 11,056 shares during the period. Finally, Balasa Dinverno & Foltz LLC increased its position in shares of Wal-Mart Stores by 12.2% in the third quarter. Balasa Dinverno & Foltz LLC now owns 8,673 shares of the retailer’s stock worth $625,000 after buying an additional 941 shares during the period. 29.69% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Wal-Mart Stores in a report on Friday, February 10th. They set a “positive” rating and a $80.00 target price for the company. MKM Partners set a $72.00 target price on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Saturday, February 18th. Pacific Crest lowered shares of Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $74.00 target price on shares of Wal-Mart Stores in a report on Friday, May 5th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Wal-Mart Stores has an average rating of “Hold” and a consensus target price of $78.15.

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 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.

12 Month Chart for NYSE:WMT

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