Usca Ria LLC Has $5.55 Million Position in Wal-Mart Stores, Inc. (WMT)

Usca Ria LLC cut its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 38.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,347 shares of the retailer’s stock after selling 46,714 shares during the quarter. Usca Ria LLC’s holdings in Wal-Mart Stores were worth $5,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Gemmer Asset Management LLC boosted its holdings in Wal-Mart Stores by 0.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after acquiring an additional 10 shares during the period. Wellington Shields & Co. LLC boosted its holdings in Wal-Mart Stores by 0.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after acquiring an additional 15 shares during the period. Sterneck Capital Management LLC boosted its holdings in Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after acquiring an additional 22 shares during the period. LLBH Private Wealth Management LLC lifted its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after buying an additional 24 shares during the period. Finally, Edgemoor Investment Advisors Inc. lifted its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after buying an additional 24 shares during the period. Institutional investors own 30.18% of the company’s stock.

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In other news, Director S Robson Walton sold 646,330 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $536,309,652.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock worth $785,676,492. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (WMT) opened at $89.68 on Friday. The stock has a market capitalization of $267,892.28, a price-to-earnings ratio of 20.57, a PEG ratio of 3.46 and a beta of 0.34. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $89.88. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51.

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

Wal-Mart Stores declared that its board has authorized a stock buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Several equities research analysts have weighed in on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, July 17th. Bank of America Corporation set a $100.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, KeyCorp set a $100.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned 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 a consensus target price of $85.58.

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.

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

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