Ramsay Stattman Vela & Price Inc. lifted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 55.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,447 shares of the retailer’s stock after acquiring an additional 1,582 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Wal-Mart Stores were worth $347,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of WMT. Voya Investment Management LLC lifted its stake in Wal-Mart Stores by 10.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after buying an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Wal-Mart Stores by 2.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after buying an additional 200 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Wal-Mart Stores by 23.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock valued at $158,610,000 after buying an additional 393,180 shares in the last quarter. Numeric Investors LLC lifted its stake in Wal-Mart Stores by 31.2% in the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after buying an additional 280,430 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new position in Wal-Mart Stores in the 2nd quarter valued at about $363,000. 30.58% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores, Inc. (WMT) opened at $100.87 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $102.35. The company 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 issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ 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 quarter last year, the company posted $0.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has approved a share 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
WMT has been the topic of a number of research reports. Zacks Investment Research lowered 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 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Bank of America set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Eighteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $98.46.
In related news, major shareholder Alice L. Walton sold 1,002,210 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $649,415,853.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.
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Wal-Mart Stores Company 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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