11,714 Shares in Wal-Mart Stores, Inc. (WMT) Acquired by Garner Asset Management Corp

Garner Asset Management Corp bought a new position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,714 shares of the retailer’s stock, valued at approximately $887,000.

Several other institutional investors also recently bought and sold shares of the stock. Winfield Associates Inc. increased 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 valued at $104,000 after purchasing an additional 75 shares in the last quarter. TrimTabs Asset Management LLC increased 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 valued at $106,000 after purchasing an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased 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 valued at $108,000 after purchasing an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. increased 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 valued at $115,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC increased 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 valued at $139,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 30.65% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.23 during trading hours on Monday, hitting $96.55. The stock had a trading volume of 5,821,000 shares, compared to its average volume of 8,923,303. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $100.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The company has a market cap of $286,760.00, a price-to-earnings ratio of 22.04, a P/E/G ratio of 3.56 and a beta of 0.37.

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

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

WMT has been the subject of a number of recent analyst reports. J P Morgan Chase & Co set a $80.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 14th. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Citigroup lifted their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada lifted their target price on Wal-Mart Stores from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $92.68.

In other news, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,319,133 shares of Wal-Mart Stores stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the transaction, the insider now owns 11,057,224 shares in the company, valued at $1,079,295,634.64. The disclosure for this sale can be found here. Insiders sold a total of 14,419,109 shares of company stock worth $1,366,198,547 over the last 90 days. 51.39% of the stock is owned by corporate insiders.

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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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