Capital Investment Counsel Inc Has $8.48 Million Stake in Wal-Mart Stores, Inc. (WMT)

Capital Investment Counsel Inc cut its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,497 shares of the retailer’s stock after selling 2,586 shares during the quarter. Wal-Mart Stores accounts for about 3.7% of Capital Investment Counsel Inc’s portfolio, making the stock its 4th largest holding. Capital Investment Counsel Inc’s holdings in Wal-Mart Stores were worth $8,478,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Winfield Associates Inc. grew its holdings in shares of Wal-Mart Stores by 5.8% during the 2nd 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Wal-Mart Stores by 3.3% during the 2nd 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 last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Wal-Mart Stores by 456.9% during the 2nd 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 last quarter. Hudock Capital Group LLC grew its holdings in shares of Wal-Mart Stores by 0.4% during the 2nd 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 last quarter. Finally, Kistler Tiffany Companies LLC grew its holdings in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors own 30.58% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE 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 current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. The firm has a market cap of $298,820.00, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.68 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share 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 firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

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

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the sale, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. Insiders own 51.39% of the company’s stock.

Several brokerages recently issued reports on WMT. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Saturday. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price target on the stock in a report on Wednesday. Telsey Advisory Group decreased their price target on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Royal Bank of Canada lifted their price target on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a report on Friday, November 17th. Finally, Morgan Stanley lifted their price target on shares of Wal-Mart Stores from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $98.46.

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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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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