Summit Financial Wealth Advisors LLC grew its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,445 shares of the retailer’s stock after purchasing an additional 1,204 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Wal-Mart Stores were worth $816,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WMT. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying 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 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 buying an additional 45 shares during the period. Thompson Davis & CO. Inc. raised its holdings in 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 buying an additional 1,252 shares during the period. Hudock Capital Group LLC raised 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 during the period. Finally, Kistler Tiffany Companies LLC raised 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 during the period. 30.53% of the stock is currently owned by institutional investors.
In other news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by corporate insiders.
Several research analysts recently commented on the stock. Goldman Sachs Group lowered shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, November 20th. They noted that the move was a valuation call. Barclays raised their price target on shares of Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Finally, Vetr lowered shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price objective on the stock. in a research note on Friday, November 17th. 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 company’s stock. Wal-Mart Stores has an average rating of “Buy” and an average target price of $100.01.
Wal-Mart Stores Inc (WMT) traded down $1.04 during trading on Friday, reaching $104.48. 9,250,000 shares of the company’s stock were exchanged, compared to its average volume of 7,930,000. 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. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores Inc has a 1 year low of $66.34 and a 1 year high of $109.98.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. research analysts predict that Wal-Mart Stores Inc will post 4.43 EPS for the current year.
Wal-Mart Stores declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Shares buyback plans are usually 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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