Catalyst Capital Advisors LLC lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,603 shares of the retailer’s stock after selling 8,838 shares during the period. Catalyst Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $3,486,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its position in Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Wal-Mart Stores by 3.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. Thompson Davis & CO. Inc. lifted its position in Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the period. Hudock Capital Group LLC lifted its position in Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its position in Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares during the period. Institutional investors and hedge funds own 30.58% of the company’s stock.
Several brokerages have commented on WMT. Goldman Sachs Group lowered Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, November 20th. They noted that the move was a valuation call. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays reissued a “buy” rating and set a $110.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Finally, Vetr lowered Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price target for the company. in a research report on Friday, November 17th. Eighteen investment 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 has a consensus rating of “Buy” and a consensus target price of $99.44.
In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,002,210 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $649,415,853.40. The disclosure for this sale can be found here. In the last three months, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is owned by insiders.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $104.30 on Friday. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $104.94. 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 firm has a market capitalization of $308,980.00, a PE ratio of 27.74, a price-to-earnings-growth ratio of 3.98 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last issued 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 return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Wal-Mart Stores’s revenue was up 4.2% on a year-over-year basis. equities analysts forecast 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 share buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
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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.
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