Jennison Associates LLC Grows Holdings in Wal-Mart Stores Inc (WMT)

Jennison Associates LLC increased its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 8.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,753,957 shares of the retailer’s stock after buying an additional 129,832 shares during the period. Jennison Associates LLC owned about 0.06% of Wal-Mart Stores worth $137,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WMT. Vanguard Group Inc. grew its holdings in Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after purchasing an additional 440,343 shares during the last quarter. FMR LLC grew its holdings in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Wal-Mart Stores by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after buying an additional 580,373 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after buying an additional 174,296 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Wal-Mart Stores by 7.4% during the second quarter. Ameriprise Financial Inc. now owns 8,874,416 shares of the retailer’s stock valued at $671,623,000 after buying an additional 607,827 shares during the last quarter. 30.53% of the stock is owned by institutional investors.

In other news, EVP John R. Furner sold 1,200 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the sale, the executive vice president now 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 SEC, which is accessible through this link. Also, SVP David Chojnowski sold 684 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were 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. In the last ninety days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is owned by corporate insiders.

Wal-Mart Stores Inc (NYSE:WMT) traded down $1.13 on Wednesday, hitting $106.60. 9,812,160 shares of the company traded hands, compared to its average volume of 8,200,000. Wal-Mart Stores Inc has a 52-week low of $65.88 and a 52-week high of $109.98. 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 firm has a market cap of $315,790.00, a P/E ratio of 28.35, a PEG ratio of 4.33 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts expect that Wal-Mart Stores Inc will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its board has authorized a stock repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently weighed in on WMT. Barclays boosted their price objective on shares of Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Macquarie set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday, January 18th. Finally, Goldman Sachs Group raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Eighteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Buy” and a consensus price target of $99.80.

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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.

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

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