Narus Financial Partners LLC Lowers Holdings in Wal-Mart Stores Inc (NYSE:WMT)

Narus Financial Partners LLC decreased its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 838,246 shares of the retailer’s stock after selling 16,696 shares during the quarter. Wal-Mart Stores accounts for approximately 57.7% of Narus Financial Partners LLC’s holdings, making the stock its biggest position. Narus Financial Partners LLC’s holdings in Wal-Mart Stores were worth $65,501,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WMT. Thompson Davis & CO. Inc. increased its position in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Wal-Mart Stores in the 2nd quarter worth approximately $149,000. Cable Hill Partners LLC increased its holdings in Wal-Mart Stores by 8,165.4% in the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Wal-Mart Stores in the 3rd quarter worth approximately $183,000. 30.45% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on WMT. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday. CIBC dropped their price target on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Stephens set a $117.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 target price for the company in a research report on Wednesday, January 10th. Finally, Telsey Advisory Group lowered their target price on 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 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. The company currently has an average rating of “Buy” and an average price target of $100.30.

In related news, major shareholder Jim C. Walton sold 1,319,133 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the completion of the transaction, the insider now directly owns 11,057,224 shares in the company, valued at $1,079,295,634.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last ninety days. Corporate insiders own 51.39% of the company’s stock.

Shares of Wal-Mart Stores Inc (NYSE WMT) traded up $0.01 during midday trading on Wednesday, reaching $100.99. The company’s stock had a trading volume of 3,395,775 shares, compared to its average volume of 8,772,910. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The firm has a market capitalization of $299,140.00, a P/E ratio of 26.94, a PEG ratio of 3.56 and a beta of 0.42. Wal-Mart Stores Inc has a fifty-two week low of $67.76 and a fifty-two week high of $109.98.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the 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 business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. analysts expect that Wal-Mart Stores Inc will post 4.44 EPS for the current year.

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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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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