Traders Buy Large Volume of Put Options on Wal-Mart Stores (WMT)

Wal-Mart Stores, Inc. (NYSE:WMT) saw some unusual options trading on Monday. Stock traders bought 5,107 put options on the company. This represents an increase of approximately 351% compared to the typical volume of 1,132 put options.

In related news, Director S Robson Walton sold 1,618,300 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $268,332,370.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Winfield Associates Inc. raised its position 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 worth $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its position in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. 30.09% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on WMT shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Wal-Mart Stores in a research report on Monday, May 15th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective for the company in a research report on Monday, May 15th. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.40.

Wal-Mart Stores (NYSE:WMT) opened at 80.40 on Friday. The stock has a 50 day moving average price of $77.44 and a 200 day moving average price of $74.15. The stock has a market capitalization of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.04. The firm had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Equities analysts predict that Wal-Mart Stores will post $4.36 EPS for the current fiscal year.

WARNING: “Traders Buy Large Volume of Put Options on Wal-Mart Stores (WMT)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/08/12/traders-buy-large-volume-of-put-options-on-wal-mart-stores-wmt.html.

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.

What are top analysts saying about Wal-Mart Stores Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Wal-Mart Stores Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit