Thompson Investment Management Inc. cut its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,920 shares of the retailer’s stock after selling 337 shares during the quarter. Thompson Investment Management Inc.’s holdings in Wal-Mart Stores were worth $3,475,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Winfield Associates Inc. increased its position in shares of Wal-Mart Stores by 5.8% during 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 during the period. TrimTabs Asset Management LLC increased its position in shares of Wal-Mart Stores by 89.2% during 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 during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Wal-Mart Stores by 3.3% during 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 during the period. Kistler Tiffany Companies LLC increased its position in shares of Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Wal-Mart Stores by 75.2% during the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the period. Institutional investors own 30.18% of the company’s stock.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis.
Wal-Mart Stores declared that its Board of Directors has authorized a stock buyback program on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently weighed in on WMT shares. Vetr upgraded shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $71.15 price objective for the company in a research report on Monday, July 10th. BidaskClub cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) upgraded shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $84.00 in a research report on Friday, July 14th. Finally, Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average price target of $85.58.
In other news, Director S Robson Walton sold 646,330 shares of the 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 in the company, valued at approximately $268,265,471.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 1,586 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the completion of the transaction, the insider now owns 21,125 shares in the company, valued at approximately $1,668,875. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock worth $785,676,492 in the last quarter. Company 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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