Adviser Investments LLC purchased a new position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,123 shares of the retailer’s stock, valued at approximately $322,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Winfield Associates Inc. lifted its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the period. TrimTabs Asset Management LLC lifted its holdings in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC lifted 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 worth $139,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 30.58% of the company’s stock.
Several research firms have weighed in on WMT. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays reiterated a “buy” rating and issued a $110.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $97.16.
In other Wal-Mart Stores news, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction on 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 completion of the sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction 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 completion of the sale, the insider now directly owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last quarter. 51.39% of the stock is owned by company insiders.
Shares of Wal-Mart Stores, Inc. (WMT) traded up $0.85 during trading hours on Friday, reaching $100.87. The company’s stock had a trading volume of 6,907,200 shares, compared to its average volume of 8,490,000. The stock has a market capitalization of $298,820.00, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.68 and a beta of 0.37. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year 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.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data 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. The business 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%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. sell-side analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.
Wal-Mart Stores announced that its board has approved a share buyback program on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are 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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