Traders Buy Wal-Mart Stores, Inc. (WMT) on Weakness

Traders bought shares of Wal-Mart Stores, Inc. (NYSE:WMT) on weakness during trading on Friday. $94.66 million flowed into the stock on the tick-up and $79.28 million flowed out of the stock on the tick-down, for a money net flow of $15.38 million into the stock. Of all companies tracked, Wal-Mart Stores had the 32nd highest net in-flow for the day. Wal-Mart Stores traded down ($0.45) for the day and closed at $88.17

WMT has been the topic of a number of research reports. Vetr raised Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $71.15 price objective on the stock in a research note on Monday, July 10th. BidaskClub downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $84.00 in a research report on Friday, July 14th. Finally, Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average target price of $84.77.



The firm has a 50 day moving average price of $81.89 and a 200 day moving average price of $78.50. The company has a market capitalization of $263.38 billion, a PE ratio of 21.18 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last ninety days. 51.39% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Winfield Associates Inc. lifted its holdings in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. TrimTabs Asset Management LLC lifted its holdings in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC lifted its holdings in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the last quarter. 30.16% of the stock is owned by institutional investors.

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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.

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