Bayesian Capital Management LP Takes Position in Wal-Mart Stores, Inc. (WMT)

Bayesian Capital Management LP bought a new position in Wal-Mart Stores, Inc. (NYSE:WMT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the retailer’s stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after purchasing an additional 440,343 shares in the last quarter. State Street Corp grew its stake in Wal-Mart Stores by 1.2% during the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. FMR LLC grew its stake in Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Wal-Mart Stores by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after acquiring an additional 580,373 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after acquiring an additional 174,296 shares in the last quarter. Hedge funds and other institutional investors own 30.40% of the company’s stock.

WMT has been the subject of several recent analyst reports. CIBC reduced their price objective on shares of Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Citigroup boosted their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Telsey Advisory Group reduced their price objective on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 17th. Royal Bank Of Canada raised shares of Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective for the company in a research note on Wednesday, November 29th. Finally, Goldman Sachs Group set a $87.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $92.68.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down $0.23 during trading on Friday, reaching $96.55. 5,753,261 shares of the company’s stock traded hands, compared to its average volume of 11,072,982. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $100.13. The company has a market capitalization of $286,699.34, a price-to-earnings ratio of 22.10, a PEG ratio of 3.57 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

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

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,419,109 shares of company stock valued at $1,366,198,547. Company insiders own 51.39% of the company’s stock.

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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.

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

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