Traders Sell Wal-Mart Stores (WMT) on Strength (WMT)

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Thursday. $199.68 million flowed into the stock on the tick-up and $283.56 million flowed out of the stock on the tick-down, for a money net flow of $83.88 million out of the stock. Of all companies tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $1.60 for the day and closed at $104.30

WMT has been the subject of a number of analyst reports. Citigroup upgraded shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. 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. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Thursday, October 12th. Wolfe Research upgraded shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Finally, 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. Eighteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $99.44.

The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $309,840.00, a price-to-earnings ratio of 27.82, a P/E/G ratio of 4.12 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating 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 business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Wal-Mart Stores, Inc. will post 4.44 EPS for the current fiscal year.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

In related news, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the transaction, the insider now directly owns 121,457 shares of the company’s stock, valued at $11,764,325.02. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock valued at $1,207,333,538 over the last ninety days. Corporate insiders own 51.39% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings 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 worth $108,000 after purchasing an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings 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 worth $115,000 after purchasing an additional 1,252 shares in the last quarter. Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in 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 in the last quarter. Finally, Kistler Tiffany Companies LLC increased its holdings in Wal-Mart Stores by 124.2% in 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 in the last quarter. 30.58% of the stock is owned by hedge funds and other institutional investors.

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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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