Chickasaw Capital Management LLC cut its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,412 shares of the retailer’s stock after selling 3,605 shares during the period. Chickasaw Capital Management LLC’s holdings in Wal-Mart Stores were worth $4,287,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Thompson Davis & CO. Inc. raised its stake in Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares during the period. Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares during the period. Almanack Investment Partners LLC. purchased a new position in Wal-Mart Stores during the second quarter worth about $149,000. Cable Hill Partners LLC raised its stake in Wal-Mart Stores by 8,165.4% during the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after purchasing an additional 2,123 shares during the period. Finally, McQueen Ball & Associates Inc. purchased a new position in Wal-Mart Stores during the fourth quarter worth about $216,000. 30.45% of the stock is currently owned by institutional investors.
Wal-Mart Stores Inc (NYSE:WMT) opened at $100.98 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 firm has a market cap of $299,140.00, a P/E ratio of 26.86, a P/E/G ratio of 3.55 and a beta of 0.42. Wal-Mart Stores Inc has a twelve month low of $67.71 and a twelve 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. research analysts expect that Wal-Mart Stores Inc will post 4.44 EPS for the current fiscal year.
WMT has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday. CIBC reduced their target price on shares of Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Stephens set a $117.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 target price on the stock in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group dropped their price target on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Eighteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $100.30.
In related news, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares in the company, valued at $322,430,815.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last 90 days. Company 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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