Wasatch Advisors Inc. trimmed its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 15.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 71,599 shares of the retailer’s stock after selling 13,368 shares during the quarter. Wasatch Advisors Inc.’s holdings in Wal-Mart Stores were worth $7,070,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of WMT. Voya Investment Management LLC lifted its stake in Wal-Mart Stores by 10.9% during the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after purchasing an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Wal-Mart Stores by 2.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Wal-Mart Stores by 23.1% during the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares in the last quarter. Parkside Investments LLC acquired a new position in Wal-Mart Stores during the third quarter worth $344,000. Finally, Numeric Investors LLC lifted its stake in Wal-Mart Stores by 31.2% during the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after purchasing an additional 280,430 shares in the last quarter. Institutional investors own 30.33% of the company’s stock.
WMT has been the topic of a number of research reports. Vetr upgraded Wal-Mart Stores from a “strong sell” rating to a “hold” rating and set a $87.80 price target on the stock in a research note on Monday, October 30th. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley set a $90.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Robert W. Baird restated an “outperform” rating and set a $95.00 price target (up from $90.00) on shares of Wal-Mart Stores in a research note on Thursday, November 9th. Finally, Royal Bank of Canada set a $83.00 price target on Wal-Mart Stores and gave the stock a “sell” rating in a research note on Friday, November 10th. Seventeen research analysts have rated the stock with a hold rating, sixteen have assigned 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 $100.72.
In other Wal-Mart Stores news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,057,004 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $96.69, for a total value of $198,891,716.76. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $652,520,200.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,462,022 shares of company stock worth $821,845,857. Corporate insiders own 51.39% of the company’s stock.
Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $104.78 on Monday. Wal-Mart Stores Inc has a 52 week low of $68.69 and a 52 week high of $109.98. 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 capitalization of $310,398.41, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share 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 company had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same period last year, the firm earned $0.98 earnings per share. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts predict 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.
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