Dividend Assets Capital LLC cut its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 903,927 shares of the retailer’s stock after selling 11,726 shares during the quarter. Wal-Mart Stores accounts for approximately 2.9% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 3rd largest position. Dividend Assets Capital LLC’s holdings in Wal-Mart Stores were worth $70,633,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of WMT. Winfield Associates Inc. lifted its position in shares of 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 during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Wal-Mart Stores by 3.3% in 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 acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of 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 acquiring an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in shares of 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 acquiring an additional 1,058 shares in the last quarter. 30.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores Inc (NYSE WMT) traded down $1.04 during trading hours on Friday, reaching $104.48. The company’s stock had a trading volume of 8,110,725 shares, compared to its average volume of 7,930,000. 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 $309,510.00, a P/E ratio of 27.79, a PEG ratio of 4.22 and a beta of 0.42. Wal-Mart Stores Inc has a one year low of $66.34 and a one year high of $109.98.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. equities research analysts anticipate that Wal-Mart Stores Inc will post 4.43 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has initiated 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
Several analysts recently weighed in on the company. ValuEngine upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Friday. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price objective for the company in a report on Thursday. Barclays lifted their target price on Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. UBS Group set a $100.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Thursday, January 4th. Finally, Stephens set a $117.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, January 16th. Eighteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $100.01.
In related news, major shareholder Alice L. Walton sold 1,002,210 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $96.23, for a total transaction of $96,442,668.30. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $649,415,853.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. Over the last ninety 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.
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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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