Traders Sell Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Wednesday. $73.73 million flowed into the stock on the tick-up and $133.72 million flowed out of the stock on the tick-down, for a money net flow of $59.99 million out of the stock. Of all companies tracked, Wal-Mart Stores had the 7th highest net out-flow for the day. Wal-Mart Stores traded up $0.63 for the day and closed at $87.94

WMT has been the subject of several recent research reports. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, August 7th. J P Morgan Chase & Co set a $80.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Monday, August 14th. BidaskClub raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.58.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

Wal-Mart Stores declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, Director S Robson Walton sold 646,330 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 775,958 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $80.24, for a total transaction of $62,262,869.92. Following the completion of the transaction, the insider now directly owns 10,507,224 shares in the company, valued at approximately $843,099,653.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,924,828 shares of company stock worth $785,676,492. Insiders own 51.39% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. PARK CIRCLE Co purchased a new position in shares of Wal-Mart Stores in the 3rd quarter worth approximately $1,250,000. Klingenstein Fields & Co. LLC grew its position in shares of Wal-Mart Stores by 5.2% in the 3rd quarter. Klingenstein Fields & Co. LLC now owns 38,899 shares of the retailer’s stock worth $3,040,000 after buying an additional 1,915 shares during the last quarter. Rockland Trust Co. grew its position in shares of Wal-Mart Stores by 0.8% in the 3rd quarter. Rockland Trust Co. now owns 156,288 shares of the retailer’s stock worth $12,212,000 after buying an additional 1,210 shares during the last quarter. Legacy Advisors LLC purchased a new position in shares of Wal-Mart Stores in the 3rd quarter worth approximately $191,000. Finally, Stevens Capital Management LP grew its position in shares of Wal-Mart Stores by 282.3% in the 3rd quarter. Stevens Capital Management LP now owns 318,326 shares of the retailer’s stock worth $24,874,000 after buying an additional 235,066 shares during the last quarter. 30.18% of the stock is currently owned by hedge funds and other institutional investors.

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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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