Morningstar Investment Services LLC trimmed its position in Wal-Mart Stores Inc (NYSE:WMT) by 38.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,100 shares of the retailer’s stock after selling 67,607 shares during the period. Morningstar Investment Services LLC’s holdings in Wal-Mart Stores were worth $8,603,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Winfield Associates Inc. grew its stake in shares of 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 in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in 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 lifted its holdings in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC lifted its holdings in Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 30.45% of the company’s stock.
In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction dated Monday, December 11th. The stock was 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 in the company, valued at $1,848,629.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. Company insiders own 51.39% of the company’s stock.
Wal-Mart Stores Inc (NYSE:WMT) traded up $0.72 during mid-day trading on Wednesday, reaching $101.70. The company had a trading volume of 7,285,595 shares, compared to its average volume of 8,980,000. The firm has a market capitalization of $301,270.00, a P/E ratio of 27.05, a PEG ratio of 3.56 and a beta of 0.42. Wal-Mart Stores Inc has a fifty-two week low of $67.71 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating 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 business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Wal-Mart Stores’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Wal-Mart Stores Inc will post 4.44 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Goldman Sachs Group downgraded Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, November 20th. They noted that the move was a valuation call. Barclays raised their price target on Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Vetr downgraded Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price for the company. in a report on Friday, November 17th. Finally, Cowen set a $120.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Thursday, February 8th. Eighteen 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 company presently has an average rating of “Buy” and a consensus target price of $100.30.
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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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