Wal-Mart Stores, Inc. (WMT) Stake Held by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC maintained its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,625 shares of the retailer’s stock at the close of the second quarter. Sawgrass Asset Management LLC’s holdings in Wal-Mart Stores were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its position in shares of Wal-Mart Stores by 1.1% during the 2nd quarter. M&T Bank Corp now owns 305,043 shares of the retailer’s stock worth $23,086,000 after buying an additional 3,465 shares in the last quarter. Wealthfront Inc. lifted its position in shares of Wal-Mart Stores by 27.7% during the 2nd quarter. Wealthfront Inc. now owns 46,128 shares of the retailer’s stock worth $3,491,000 after buying an additional 10,005 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of Wal-Mart Stores by 3.5% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 8,822 shares of the retailer’s stock worth $668,000 after buying an additional 300 shares in the last quarter. FIL Ltd bought a new position in shares of Wal-Mart Stores during the 2nd quarter worth approximately $14,289,000. Finally, TIAA FSB bought a new position in shares of Wal-Mart Stores during the 2nd quarter worth approximately $7,028,000. Institutional investors and hedge funds own 30.40% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.55 during trading hours on Thursday, hitting $97.28. 7,140,900 shares of the company were exchanged, compared to its average volume of 8,942,550. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The company has a market cap of $289,809.84, a PE ratio of 22.34, a PEG ratio of 3.61 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $100.13.

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

Wal-Mart Stores announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,000,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 1,319,133 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the sale, the insider now directly owns 11,057,224 shares in the company, valued at approximately $1,079,295,634.64. The disclosure for this sale can be found here. Insiders have sold a total of 14,419,109 shares of company stock worth $1,366,198,547 in the last three months. Insiders own 51.39% of the company’s stock.

Several equities analysts have commented on WMT shares. Stephens raised shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $91.00 in a research report on Friday, August 11th. Jefferies Group set a $88.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub raised shares of 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 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Monday, August 14th. Finally, MKM Partners reissued 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 issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $92.68.

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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.

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

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