HM Payson & Co. decreased its stake in Wal-Mart Stores Inc (NYSE:WMT) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,868 shares of the retailer’s stock after selling 1,054 shares during the quarter. HM Payson & Co.’s holdings in Wal-Mart Stores were worth $13,586,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in WMT. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in 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 during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Wal-Mart Stores by 3.3% in 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 during the period. Thompson Davis & CO. Inc. raised its holdings in Wal-Mart Stores by 456.9% in 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 during the period. Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in 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 during the period. Finally, Kistler Tiffany Companies LLC raised its holdings in Wal-Mart Stores by 124.2% in 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 during the period. Institutional investors and hedge funds own 30.53% of the company’s stock.
Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Vetr upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 price target on the stock in a research report on Monday, November 27th. Stephens set a $117.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Macquarie set a $85.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, UBS Group set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Eighteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Buy” and a consensus price target of $99.80.
In other news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction that occurred on 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 $1,848,629.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.
Wal-Mart Stores Inc (NYSE WMT) traded down $1.12 on Thursday, hitting $105.52. 6,390,000 shares of the company were exchanged, compared to its average volume of 7,990,000. 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 $312,590.00, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 4.26 and a beta of 0.37. Wal-Mart Stores Inc has a twelve month low of $66.04 and a twelve month high of $109.98.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. equities analysts anticipate that Wal-Mart Stores Inc will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has authorized a stock buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are 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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