Intl Fcstone Inc. purchased a new position in Wal-Mart Stores, Inc. (NYSE:WMT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,158 shares of the retailer’s stock, valued at approximately $542,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Winfield Associates Inc. raised its position in Wal-Mart Stores by 5.8% in 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 during the last quarter. TrimTabs Asset Management LLC raised its position in Wal-Mart Stores by 89.2% in 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 during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Wal-Mart Stores by 3.3% in 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 during the last quarter. Thompson Davis & CO. Inc. raised its position in Wal-Mart Stores by 456.9% in 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 during the last quarter. Finally, Hudock Capital Group LLC raised its position in Wal-Mart Stores by 0.4% in 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 during the last quarter. 30.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down $0.02 during trading hours on Friday, hitting $97.11. The company had a trading volume of 16,141,258 shares, compared to its average volume of 9,437,804. The company has a market cap of $287,691.72, a P/E ratio of 22.17, a PEG ratio of 3.58 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $100.13.
Wal-Mart Stores declared that its board has approved a share 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In related news, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now directly owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,421,174 shares of company stock valued at $1,366,398,832. 51.39% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on WMT shares. Robert W. Baird reissued a “buy” rating and issued a $85.00 target price on shares of Wal-Mart Stores in a research report on Sunday, September 17th. Goldman Sachs Group set a $87.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. KeyCorp restated a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Oppenheimer restated a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research note on Friday, August 18th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average price target of $92.96.
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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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