Affinity Wealth Management bought a new position in Wal-Mart Stores Inc (NYSE:WMT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,714 shares of the retailer’s stock, valued at approximately $212,000.
A number of other institutional investors also recently added to or reduced their stakes in WMT. Callahan Advisors LLC raised its stake in Wal-Mart Stores by 21.6% during the second quarter. Callahan Advisors LLC now owns 71,071 shares of the retailer’s stock worth $5,379,000 after acquiring an additional 12,625 shares in the last quarter. ARP Americas LLC acquired a new position in Wal-Mart Stores during the second quarter worth $399,000. IFP Advisors Inc raised its stake in Wal-Mart Stores by 2.1% during the second quarter. IFP Advisors Inc now owns 76,294 shares of the retailer’s stock worth $5,774,000 after acquiring an additional 1,593 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Wal-Mart Stores by 132.4% during the second quarter. Chicago Partners Investment Group LLC now owns 2,607 shares of the retailer’s stock worth $185,000 after acquiring an additional 1,485 shares in the last quarter. Finally, Palladium Partners LLC raised its stake in Wal-Mart Stores by 0.7% during the second quarter. Palladium Partners LLC now owns 177,035 shares of the retailer’s stock worth $13,398,000 after acquiring an additional 1,199 shares in the last quarter. Hedge funds and other institutional investors own 30.45% of the company’s stock.
Shares of Wal-Mart Stores Inc (WMT) opened at $100.30 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $299,140.00, a PE ratio of 26.86, a P/E/G ratio of 3.56 and a beta of 0.42. Wal-Mart Stores Inc has a 12-month low of $67.76 and a 12-month high of $109.98.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. analysts anticipate that Wal-Mart Stores Inc will post 4.44 EPS for the current year.
In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the transaction, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 1,002,210 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $649,415,853.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Company insiders own 51.39% of the company’s stock.
Several research analysts have issued reports on WMT shares. Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Goldman Sachs Group upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Wells Fargo & Co set a $101.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Wolfe Research upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Saturday, January 13th. Eighteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Buy” and an average price target of $100.30.
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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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