Wal-Mart Stores, Inc. (NYSE:WMT) Stake Lessened by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC trimmed its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,730 shares of the retailer’s stock after selling 1,629 shares during the period. Osborne Partners Capital Management LLC’s holdings in Wal-Mart Stores were worth $6,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Winfield Associates Inc. boosted 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 valued at $104,000 after purchasing an additional 75 shares during the period. TrimTabs Asset Management LLC boosted 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 valued at $106,000 after purchasing an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted 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 valued at $108,000 after purchasing an additional 45 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Wal-Mart Stores by 456.9% in the second 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 during the period. Finally, Hudock Capital Group LLC boosted its stake in shares of Wal-Mart Stores by 0.4% in the second 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 during the period. 30.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.35 during mid-day trading on Thursday, reaching $100.02. 6,527,000 shares of the company traded hands, compared to its average volume of 8,570,000. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $102.35. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The firm has a market cap of $296,300.00, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its board has initiated a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

A number of equities analysts have recently issued reports on WMT shares. Robert W. Baird set a $90.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Jefferies Group lifted their price objective on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Bank of America set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $97.09.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now directly owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is owned by company 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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