Toronto Dominion Bank lifted its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 21.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 528,480 shares of the retailer’s stock after buying an additional 94,161 shares during the period. Toronto Dominion Bank’s holdings in Wal-Mart Stores were worth $39,992,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in shares of Wal-Mart Stores by 23.5% in the 2nd quarter. Cetera Investment Advisers now owns 21,685 shares of the retailer’s stock valued at $1,649,000 after buying an additional 4,130 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Wal-Mart Stores by 13.1% in the 2nd quarter. Advisory Services Network LLC now owns 18,980 shares of the retailer’s stock valued at $1,436,000 after buying an additional 2,198 shares in the last quarter. Afam Capital Inc. increased its position in shares of Wal-Mart Stores by 3.6% in the 2nd quarter. Afam Capital Inc. now owns 79,612 shares of the retailer’s stock valued at $6,025,000 after buying an additional 2,737 shares in the last quarter. Beaton Management Co. Inc. bought a new stake in shares of Wal-Mart Stores in the 2nd quarter valued at $409,000. Finally, Fort Pitt Capital Group LLC increased its position in shares of Wal-Mart Stores by 0.5% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 16,654 shares of the retailer’s stock valued at $1,260,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 30.65% of the company’s stock.
In other news, SVP David Chojnowski sold 684 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the transaction, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,421,174 shares of company stock valued at $1,366,398,832. Company insiders own 51.39% of the company’s stock.
WMT has been the subject of a number of recent analyst reports. Robert W. Baird set a $85.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 21st. Oppenheimer reiterated a “buy” rating and set a $90.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Jefferies Group set a $93.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Thursday, August 17th. Goldman Sachs Group set a $87.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Finally, KeyCorp reiterated a “buy” rating and set a $90.00 target price on shares of Wal-Mart Stores in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $92.96.
Wal-Mart Stores, Inc. (NYSE:WMT) traded down $0.63 during trading on Friday, hitting $97.13. 9,385,700 shares of the stock were exchanged, compared to its average volume of 8,916,293. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The firm has a market cap of $289,602.47, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.
Wal-Mart Stores announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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About Wal-Mart Stores
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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