KBC Group NV decreased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,057 shares of the retailer’s stock after selling 30,131 shares during the period. KBC Group NV’s holdings in Wal-Mart Stores were worth $36,784,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in WMT. Winfield Associates Inc. grew its stake in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after acquiring an additional 45 shares during the last quarter. Kistler Tiffany Companies LLC lifted its position in Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after purchasing an additional 901 shares during the period. Institutional investors and hedge funds own 30.15% of the company’s stock.
Several research analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $86.65.
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In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the sale, the insider now owns 21,125 shares in the company, valued at approximately $1,668,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 621,500 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $528,278,842.40. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock worth $785,676,492 in the last 90 days. Company insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up $0.62 during trading hours on Friday, hitting $90.92. The stock had a trading volume of 7,647,500 shares, compared to its average volume of 8,693,536. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $91.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18. The company has a market cap of $269,744.38, a PE ratio of 20.71, a PEG ratio of 3.37 and a beta of 0.34.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.07 EPS. equities analysts anticipate that Wal-Mart Stores, Inc. will post 4.37 earnings per share for the current year.
Wal-Mart Stores announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Wal-Mart Stores 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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