Trust Investment Advisors lowered its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,590 shares of the retailer’s stock after selling 2,450 shares during the period. Wal-Mart Stores accounts for approximately 1.5% of Trust Investment Advisors’ portfolio, making the stock its 25th largest position. Trust Investment Advisors’ holdings in Wal-Mart Stores were worth $1,296,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Winfield Associates Inc. boosted its stake in 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 acquiring an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in 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 acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in 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 acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC boosted its stake in 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 acquiring an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake 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 valued at $145,000 after acquiring an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.
Several equities analysts have issued reports on WMT shares. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Wells Fargo & Co set a $101.00 price objective on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, November 14th. 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 note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $97.09.
In other news, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $96.86, for a total value of $5,113,529.98. Following the sale, the insider now directly owns 121,457 shares in the company, valued at $11,764,325.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 826,617 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the sale, the director now owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 over the last quarter. Company insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (WMT) opened at $100.87 on Friday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $102.35. 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 stock has a market cap of $298,820.00, a PE ratio of 26.83, 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, beating 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 analysts’ expectations of $120.23 billion. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores announced that its board has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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.
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