TrimTabs Asset Management LLC Increases Holdings in Wal-Mart Stores, Inc. (WMT)

TrimTabs Asset Management LLC boosted its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 105.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,027 shares of the retailer’s stock after acquiring an additional 1,551 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Wal-Mart Stores were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Waldron LP acquired a new stake in shares of Wal-Mart Stores during the 1st quarter valued at about $313,000. Usca Ria LLC lifted its holdings in shares of Wal-Mart Stores by 17.9% during the 1st quarter. Usca Ria LLC now owns 120,061 shares of the retailer’s stock valued at $8,654,000 after buying an additional 18,258 shares during the last quarter. Wheatland Advisors Inc. lifted its holdings in shares of Wal-Mart Stores by 5.5% during the 1st quarter. Wheatland Advisors Inc. now owns 13,512 shares of the retailer’s stock valued at $974,000 after buying an additional 702 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Wal-Mart Stores by 11.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 56,145 shares of the retailer’s stock valued at $4,047,000 after buying an additional 5,832 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Wal-Mart Stores by 2.2% during the 1st quarter. Thompson Investment Management Inc. now owns 46,257 shares of the retailer’s stock valued at $3,334,000 after buying an additional 1,009 shares during the last quarter. Hedge funds and other institutional investors own 30.18% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 86.95 on Tuesday. The firm has a market cap of $259.74 billion, a price-to-earnings ratio of 20.89 and a beta of 0.29. The company has a 50-day moving average price of $82.57 and a 200 day moving average price of $78.86. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $89.11.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

Wal-Mart Stores declared that its board has approved a share buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently issued reports on WMT. Vetr upgraded Wal-Mart Stores from a “strong sell” rating to a “hold” rating and set a $87.80 price target for the company in a report on Monday. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $99.00 price target (up from $93.00) on shares of Wal-Mart Stores in a report on Monday, October 16th. BMO Capital Markets set a $91.00 price target on Wal-Mart Stores and gave the company a “hold” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, October 18th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $91.00 price target on shares of Wal-Mart Stores in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.58.

In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the transaction, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Corporate insiders own 51.39% of the company’s stock.

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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.

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

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