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riverbridge.com

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Corporate Majority | Acquired

About Riverbridge Partners

Riverbridge Partners is an experienced team of investment professionals who create solutions for the investment needs of our clients. The company is growth-oriented, where growth is strategic, sustainable, and controlled. And through the combination of culture and process, Riverbridge brings a unique perspective to investing, building a historic record of performance for long-term investors.

Riverbridge Partners Headquarter Location

1200 IDS Center

Minneapolis, Minnesota, 55402,

United States

Latest Riverbridge Partners News

Wal-Mart Stores Inc. (WMT) Stake Boosted by Riverbridge Partners LLC

Aug 2, 2016

Tweet Riverbridge Partners LLC raised its stake in Wal-Mart Stores Inc. (NYSE:WMT) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 30,730 shares of the retailer’s stock after buying an additional 512 shares during the period. Riverbridge Partners LLC’s holdings in Wal-Mart Stores were worth $2,244,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in WMT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Wal-Mart Stores by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 102,507 shares of the retailer’s stock valued at $6,284,000 after buying an additional 1,116 shares during the period. GAM Holding AG increased its stake in shares of Wal-Mart Stores by 98.6% in the fourth quarter. GAM Holding AG now owns 528,839 shares of the retailer’s stock valued at $32,418,000 after buying an additional 262,580 shares during the period. Argus Investors Counsel Inc. increased its stake in shares of Wal-Mart Stores by 11.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 74,550 shares of the retailer’s stock valued at $4,570,000 after buying an additional 7,730 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Wal-Mart Stores by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 608,983 shares of the retailer’s stock valued at $41,709,000 after buying an additional 24,292 shares during the period. Finally, Clifford Swan Investment Counsel LLC increased its stake in shares of Wal-Mart Stores by 28.2% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 165,261 shares of the retailer’s stock valued at $10,130,000 after buying an additional 36,325 shares during the period. Shares of Wal-Mart Stores Inc. (NYSE:WMT) opened at 73.78 on Tuesday. Wal-Mart Stores Inc. has a 12-month low of $56.30 and a 12-month high of $74.35. The company’s 50 day moving average price is $72.75 and its 200 day moving average price is $68.84. The firm has a market cap of $229.95 billion and a P/E ratio of 16.31. Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 19th. The retailer reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. The firm earned $115.90 billion during the quarter, compared to analysts’ expectations of $112.68 billion. Wal-Mart Stores’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. Equities research analysts forecast that Wal-Mart Stores Inc. will post $4.26 EPS for the current year. Several equities research analysts have issued reports on WMT shares. Goldman Sachs Group Inc. increased their price target on Wal-Mart Stores from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 6th. Royal Bank Of Canada set a $66.00 price target on Wal-Mart Stores and gave the stock a “sell” rating in a report on Monday, May 9th. Independent Research GmbH set a $72.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Friday, April 15th. BMO Capital Markets reaffirmed a “sell” rating and set a $55.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 10th. Finally, Robert W. Baird set a $70.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Thursday, April 14th. Four research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $69.12. In other Wal-Mart Stores news, EVP Rosalind G. Brewer sold 10,794 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $71.65, for a total transaction of $773,390.10. Following the sale, the executive vice president now owns 285,749 shares of the company’s stock, valued at approximately $20,473,915.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, major shareholder Jim C. Walton sold 1,450,000 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $71.39, for a total transaction of $103,515,500.00. The disclosure for this sale can be found here . Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club. Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores Inc. (NYSE:WMT). Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter . Comment on this Post

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