AE Wealth Management LLC raised its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,485 shares of the retailer’s stock after buying an additional 2,700 shares during the quarter. AE Wealth Management LLC’s holdings in Wal-Mart Stores were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Cutler Investment Counsel LLC raised its stake in shares of Wal-Mart Stores by 1.6% during the third quarter. Cutler Investment Counsel LLC now owns 106,641 shares of the retailer’s stock worth $8,333,000 after purchasing an additional 1,678 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Wal-Mart Stores by 4.0% during the third quarter. Stephens Inc. AR now owns 303,576 shares of the retailer’s stock worth $23,721,000 after purchasing an additional 11,682 shares during the last quarter. Regal Investment Advisors LLC raised its stake in shares of Wal-Mart Stores by 7.3% during the third quarter. Regal Investment Advisors LLC now owns 16,999 shares of the retailer’s stock worth $1,328,000 after purchasing an additional 1,151 shares during the last quarter. Fayez Sarofim & Co. raised its stake in shares of Wal-Mart Stores by 0.3% during the third quarter. Fayez Sarofim & Co. now owns 990,332 shares of the retailer’s stock worth $77,385,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Wal-Mart Stores by 221.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 18,642 shares of the retailer’s stock worth $1,457,000 after purchasing an additional 12,842 shares during the last quarter. Institutional investors own 30.58% of the company’s stock.
In related news, major shareholder Alice L. Walton sold 2,900,679 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $660,146,095.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.
Several equities research analysts have recently commented on the company. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, November 20th. They noted that the move was a valuation call. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays restated a “buy” rating and set a $110.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, November 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $84.00 price target (up previously from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Finally, Vetr cut Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price target for the company. in a research note on Friday, November 17th. Eighteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Buy” and a consensus target price of $99.44.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $104.30 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The company has a market capitalization of $308,980.00, a price-to-earnings ratio of 27.74, a P/E/G ratio of 3.98 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $104.94.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. research analysts expect that Wal-Mart Stores, Inc. will post 4.44 EPS for the current year.
Wal-Mart Stores declared that its board has authorized a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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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