Wal-Mart Stores Inc (WMT) Stake Lowered by Morningstar Investment Services LLC

Morningstar Investment Services LLC lessened its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 38.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,100 shares of the retailer’s stock after selling 67,607 shares during the period. Morningstar Investment Services LLC’s holdings in Wal-Mart Stores were worth $8,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in WMT. Winfield Associates Inc. lifted its stake 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 acquiring an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake 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 acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake 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 acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC lifted its stake 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 acquiring an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC lifted its stake 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 acquiring an additional 1,058 shares in the last quarter. 30.53% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP David Chojnowski sold 684 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares in the company, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. Company insiders own 51.39% of the company’s stock.

Several equities analysts recently issued reports on WMT shares. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased 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 Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Thursday, October 12th. Wolfe Research raised 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 Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.44.

Wal-Mart Stores Inc (WMT) opened at $105.45 on Tuesday. Wal-Mart Stores Inc has a 1-year low of $65.28 and a 1-year high of $105.45. The company has a market capitalization of $312,380.00, a PE ratio of 28.05, a PEG ratio of 4.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores (NYSE:WMT) last released 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. 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 for the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts forecast that Wal-Mart Stores Inc will post 4.44 earnings per share for the current year.

Wal-Mart Stores declared that its board has approved a share repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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