Trust Investment Advisors cut its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,590 shares of the retailer’s stock after selling 2,450 shares during the quarter. Wal-Mart Stores comprises 1.5% of Trust Investment Advisors’ portfolio, making the stock its 25th biggest position. Trust Investment Advisors’ holdings in Wal-Mart Stores were worth $1,296,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after buying an additional 440,343 shares in the last quarter. FMR LLC grew its stake in shares of Wal-Mart Stores by 45.3% in 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Wal-Mart Stores by 4.1% in 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 in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Wal-Mart Stores by 1.9% in 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Wal-Mart Stores by 7.4% in 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 in the last quarter. Institutional investors own 30.53% of the company’s stock.
Wal-Mart Stores Inc (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 7,840,000. 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 52 week low of $66.37 and a 52 week high of $109.98. The company has a market cap of $309,510.00, a P/E ratio of 27.79, a PEG ratio of 3.76 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping 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 company had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter last year, the business posted $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Wal-Mart Stores Inc will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
WMT has been the subject of a number of recent research reports. Oppenheimer initiated coverage on Wal-Mart Stores in a research note on Tuesday, October 10th. They issued a “buy” rating and a $90.00 target price for the company. Bank of America set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group increased their target price on Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. KeyCorp set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Telsey Advisory Group increased their target price on Wal-Mart Stores from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, October 11th. Eighteen investment 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’s stock. Wal-Mart Stores has a consensus rating of “Buy” and an average price target of $100.01.
In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, 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 document filed with the SEC, which is available at this link. Also, SVP David Chojnowski sold 684 shares of the 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. In the last ninety days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is currently owned by company insiders.
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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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