Wesbanco Bank Inc. lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 13.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,991 shares of the retailer’s stock after selling 6,647 shares during the period. Wesbanco Bank Inc.’s holdings in Wal-Mart Stores were worth $3,438,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in the 2nd 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. Gemmer Asset Management LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after purchasing an additional 10 shares during the period. Sterneck Capital Management LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after purchasing an additional 22 shares during the period. LLBH Private Wealth Management LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after purchasing an additional 24 shares during the period. Finally, Edgemoor Investment Advisors Inc. grew its stake in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after purchasing an additional 24 shares during the period. 30.58% of the stock is owned by institutional investors and hedge funds.
In related news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last 90 days. 51.39% of the stock is owned by corporate insiders.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up $0.85 during mid-day trading on Friday, reaching $100.87. The company’s stock had a trading volume of 6,948,125 shares, compared to its average volume of 8,490,000. The company has a market cap of $298,820.00, a PE ratio of 26.83, a PEG ratio of 3.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $102.35.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. equities analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.
Wal-Mart Stores declared that its board has approved a share repurchase program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several equities research analysts have recently weighed in on the company. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price objective on the stock in a research note on Wednesday. Telsey Advisory Group decreased their price target on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, November 17th. Royal Bank of Canada increased their price target on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research report on Friday, November 17th. Moffett Nathanson started coverage on Wal-Mart Stores in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $97.09.
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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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