Wal-Mart Stores, Inc. (WMT) Stake Lessened by Northpointe Capital LLC

Northpointe Capital LLC cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,736 shares of the retailer’s stock after selling 17,815 shares during the period. Northpointe Capital LLC’s holdings in Wal-Mart Stores were worth $3,965,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Winfield Associates Inc. boosted its holdings in 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 in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in 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 in the last quarter. TrimTabs Asset Management LLC boosted its holdings in 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 in the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Wal-Mart Stores by 456.9% during the second 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 boosted its holdings in Wal-Mart Stores by 0.4% during the second 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. Institutional investors and hedge funds own 30.58% of the company’s stock.

In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 1,319,133 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $97.61, for a total value of $128,760,572.13. Following the completion of the sale, the insider now owns 11,057,224 shares in the company, valued at approximately $1,079,295,634.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the sale, the insider now owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,421,174 shares of company stock valued at $1,366,398,832. Insiders own 51.39% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $98.06 on Friday. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. 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 stock has a market cap of $292,535.22, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 3.64 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its board has initiated a share repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday. Telsey Advisory Group reduced their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 17th. Royal Bank of Canada raised their target price on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a report on Friday, November 17th. Moffett Nathanson started coverage on shares of Wal-Mart Stores in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Jefferies Group upped their price target on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $95.78.

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

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