Catalyst Capital Advisors LLC Trims Stake in Wal-Mart Stores, Inc. (WMT)

Catalyst Capital Advisors LLC lessened its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,441 shares of the retailer’s stock after selling 5,278 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $4,044,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sigma Planning Corp grew its position in shares of Wal-Mart Stores by 7.5% during the second quarter. Sigma Planning Corp now owns 25,953 shares of the retailer’s stock worth $1,964,000 after buying an additional 1,801 shares in the last quarter. BTC Capital Management Inc. grew its position in shares of Wal-Mart Stores by 2.6% during the second quarter. BTC Capital Management Inc. now owns 36,676 shares of the retailer’s stock worth $2,769,000 after buying an additional 934 shares in the last quarter. Smith Asset Management Group LP grew its position in shares of Wal-Mart Stores by 5.3% during the second quarter. Smith Asset Management Group LP now owns 323,521 shares of the retailer’s stock worth $24,472,000 after buying an additional 16,267 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Wal-Mart Stores by 7.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 910,160 shares of the retailer’s stock worth $69,495,000 after purchasing an additional 62,565 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Wal-Mart Stores by 0.7% during the second quarter. First Trust Advisors LP now owns 689,369 shares of the retailer’s stock worth $52,171,000 after purchasing an additional 5,087 shares during the last quarter. 30.16% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the completion of the transaction, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the transaction, the insider now 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 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (WMT) opened at 88.17 on Friday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $88.92. The firm has a market cap of $263.38 billion, a price-to-earnings ratio of 21.18 and a beta of 0.29. The firm has a 50-day moving average price of $81.89 and a 200-day moving average price of $78.50.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period last year, the business posted $1.07 earnings per share. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect 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 authorized a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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

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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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