Wal-Mart Stores, Inc. (WMT) Position Boosted by Wealthfront Inc.

Wealthfront Inc. lifted its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 27.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,128 shares of the retailer’s stock after purchasing an additional 10,005 shares during the period. Wealthfront Inc.’s holdings in Wal-Mart Stores were worth $3,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Winfield Associates Inc. increased its stake in Wal-Mart Stores by 5.8% during the 2nd 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. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% during the 1st 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Wal-Mart Stores by 3.3% during the 2nd 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. Thompson Davis & CO. Inc. increased its stake in Wal-Mart Stores by 456.9% during the 2nd 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. Finally, Hudock Capital Group LLC increased its stake in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 30.40% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.82 on Wednesday, reaching $97.83. The company had a trading volume of 9,009,400 shares, compared to its average volume of 8,950,248. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. The firm has a market capitalization of $287,380.69, a PE ratio of 22.15, a PEG ratio of 3.58 and a beta of 0.37. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

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

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders sold 12,554,472 shares of company stock worth $1,184,474,992 over the last quarter. 51.39% of the stock is currently owned by insiders.

Several equities research analysts have commented on WMT shares. Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a research note on Friday, August 11th. Jefferies Group set a $88.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. J P Morgan Chase & Co set a $80.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Monday, August 14th. Finally, MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average price target of $92.68.

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Wal-Mart Stores 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.

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

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