HM Payson & Co. decreased its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,868 shares of the retailer’s stock after selling 1,054 shares during the period. HM Payson & Co.’s holdings in Wal-Mart Stores were worth $13,586,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in WMT. Flagship Harbor Advisors LLC increased its stake in shares of Wal-Mart Stores by 5.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,863 shares of the retailer’s stock worth $351,000 after purchasing an additional 252 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Wal-Mart Stores by 11.0% during the 1st quarter. Driehaus Capital Management LLC now owns 5,022 shares of the retailer’s stock worth $362,000 after purchasing an additional 497 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Wal-Mart Stores by 21.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 40,447 shares of the retailer’s stock worth $2,915,000 after purchasing an additional 7,247 shares in the last quarter. Colony Group LLC purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $250,000. Finally, Green Square Capital LLC purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $267,000. Institutional investors and hedge funds own 30.58% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.69 on Wednesday. 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 company has a market cap of $298,280.00, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.71 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
In other news, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the sale, the executive vice president now owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was 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 directly 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 worth $1,207,333,538 in the last quarter. 51.39% of the stock is currently owned by company insiders.
WMT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Saturday. Goldman Sachs Group set a $115.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday. Stephens set a $117.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 target price for the company in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group lowered their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 17th. Eighteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Buy” and a consensus price target of $99.98.
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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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