Check Capital Management Inc. CA grew its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 80.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,639 shares of the retailer’s stock after buying an additional 5,624 shares during the quarter. Check Capital Management Inc. CA’s holdings in Wal-Mart Stores were worth $988,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in WMT. Winfield Associates Inc. raised its position in Wal-Mart Stores by 5.8% during 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in 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 worth $108,000 after buying an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Wal-Mart Stores by 456.9% during 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 last quarter. Hudock Capital Group LLC raised its position in Wal-Mart Stores by 0.4% during 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 last quarter. Finally, Kistler Tiffany Companies LLC raised its position in Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 30.58% of the company’s stock.
In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 684 shares of the firm’s 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 disclosure for this sale can be found here. Over the last three months, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on the stock. Goldman Sachs Group set a $115.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday. Stephens set a $117.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Saturday, January 13th. Vetr upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 price target for the company in a report on Monday, November 27th. Finally, UBS Group set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday, January 4th. Eighteen investment 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 stock. Wal-Mart Stores currently has an average rating of “Buy” and an average target price of $99.98.
Shares of Wal-Mart Stores, Inc. (WMT) opened at $102.70 on Thursday. The company has a market cap of $304,240.00, a PE ratio of 27.31, a P/E/G ratio of 3.71 and a beta of 0.37. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $102.94. 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 issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. equities analysts anticipate that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current year.
Wal-Mart Stores announced that its board has initiated a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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